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Assume you've generated the following information about the stock of Bufford's Burger Barns: The company's latest dividends of $4 a share are expected to grow

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Assume you've generated the following information about the stock of Bufford's Burger Barns: The company's latest dividends of $4 a share are expected to grow to $4.32 next year. to $4.6? the year after that, and to $5.04 in three years. After that, you think dividends will grow at a constant 6% rate. a {31-32) Use the variable growth version of the dividend valuation model and a required return of 15% to nd the value of the stock

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