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Benny, Inc., is going through a fast growth period. The company just paid a dividend of $2.75 and expects to increase the dividend by 25
Benny, Inc., is going through a fast growth period. The company just paid a dividend of $2.75 and expects to increase the dividend by 25 percent next year, 20 percent per year for the next 2 years, then increase the dividend by 4 percent for the indefinite future. If the required return is 11 percent, what is the stock price today?
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