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Based on the following information use a two-stage growth model to estimate the XYZ Corporation's stock price. The most recent dividend $ 3.50 Investor's required
Based on the following information use a two-stage growth model | ||||
to estimate the XYZ Corporation's stock price. | ||||
The most recent dividend | $ 3.50 | |||
Investor's required rate of return | 13.2% | |||
Expected dividend growth rate for the next two years. | 20% | |||
Expected dividend growth rate thereafter | 8.7% | |||
Round your final answer to the nearest dollar (e.g. $30) |
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