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Bonus: Puyau Enterprises recently paid a dividend, D 0, of $3.00. It expects to have nonconstant growth of 20 percent for 2 years followed by
Bonus: Puyau Enterprises recently paid a dividend, D 0, of $3.00. It expects to have nonconstant growth of 20 percent for 2 years followed by a constant rate of 10 percent thereafter. The firms required return is 12 percent. What is the stocks intrinsic value today?
a. $196.07 b. $244.26 c. $180.00 d. $175.78 e. $245.52
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