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Compute the value of a share of common stock of a company whose most recent dividend was $1.50 and is expected to grow at 8
Compute the value of a share of common stock of a company whose most recent dividend was $1.50 and is expected to grow at 8 percent per year for the next 2 years, after which the dividend growth rate will decrease to 4 percent per year indefinitely. Assume a 10 percent required rate of return.
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