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Better Mousetraps has come out with an improved product, and the world is beating a path to its door. As a result, the firm projects
Better Mousetraps has come out with an improved product, and the world is beating a path to its door.
As a result, the firm projects growth of per year for years. By then, other firms will have
copycat technology, competition will drive down profit margins, and the sustainable growth rate will
fall to The most recent annual dividend was $ per share. What is the stock price if the discount
rate is Hint: We need to first calculate the dividend next year to use in the nonconstant
dividend discount model
Answer: $
answer is above but need help with steps thank you!
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