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Blossom Corp, is a fast-growing company whose management expects it to grow at a rate of 20 percent over the next two years and then
Blossom Corp, is a fast-growing company whose management expects it to grow at a rate of 20 percent over the next two years and then to slow to a growth rate of 19 percent for the following three years. The last dividend paid by the company was $2.15. Compute the present value of these dividends if the required itate of return is 14 percent. (Roun and final answer to 2 decimal places, e.g. 15.25.) Present value
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