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Company As dividends will grow at a 15 percent rate for the next three years. Beginning in Year 4, dividends will grow at a 7
Company As dividends will grow at a 15 percent rate for the next three years. Beginning in Year 4, dividends will grow at a 7 percent rate, which will continue for the rest of the firms life. Last dividend paid was $10.
Assume that rs = 12%, what is the current price of company As stock?
(Round the answer to two decimal places.)
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