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Charlie s Computer Corporation ( C C C ) i s growing rapidly and expects t o continue t o grow a t 2 5

Charlies Computer Corporation (CCC)is growing rapidly and expects to continue to grow at25% per year for the next two years, 10% for the year after and then stabilize to5% annual growth. CCC doesnt currently pay dividends but expects to pay a $2 per share dividend one year from today. If the appropriate discount rate is12%, then what is the value of a share ofCCC stock?

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