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- Back to Assignment Attempts: 0 Keep the Highest: 0/1 10. Problem 7-09 (Nonconstant Dividend Growth Valuation) eBook Nonconstant Dividend Growth Valuation A company currently
- Back to Assignment Attempts: 0 Keep the Highest: 0/1 10. Problem 7-09 (Nonconstant Dividend Growth Valuation) eBook Nonconstant Dividend Growth Valuation A company currently pays a dividend of $3.6 per share (D - $3.6). It is estimated that the company's dividend will grow at a rate of 17% per year for the next 2 years, and then at a constant rate of 6% thereafter. The company's stock has a beta of 1.4, the risk-free rate is 9.5%, and the market risk premium is 5.5%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent. S Grade it Now Save & Continue Continue without saving
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