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Company XYZ does not currently pay a dividend. However, their earnings have been growing at a very high rate. Thus, they are expected to begin
Company XYZ does not currently pay a dividend. However, their earnings have been growing at a very high rate. Thus, they are expected to begin paying a dividend, starting years from today. Expectations are that the first dividend will be $ per share. The dividend is then expected to grow at per year for years, and at the end of that supernormal growth period, the stock will enter a slower growth perpetuity phase of per year. The required return on Agilent stock is What should be their current stock price? Please make sure to not do any intermediate rounding and keep at least decimal points throughout solving this problem. Round your final answer to three decimal places. For example or will be rounded to while will be rounded to
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