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average firm in the industry and just paid a dividend (D0) of $1.25. You expect that the growith rate of dividends will be 50% during

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average firm in the industry and just paid a dividend (D0) of \$1.25. You expect that the growith rate of dividends will be 50% during the first year (go,1 =50% ) and 25% during the second year (9,z=25%). After Year 2 , dividend growth will be constant at 4%. What is the required rate of retum on your compary's stock? What is the estimated vaiue per share of your firm's stock? Do not rouni intermediate calculations. Found the monetary value to the nearest cent and percentage value to the nearest whole oumber

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