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Computech Corporation expanding rapidly and currently needs to retain all of its earninga; hence, does not pay dividendsHowever, expect Computech to begin paying dividends, beginning
Computech Corporation expanding rapidly and currently needs to retain all of its earninga; hence, does not pay dividendsHowever, expect Computech to begin paying dividends, beginning with a dividend of $1.75 coming 3 years from today. The dividend should grow rapidly - rate 24% per year - during Years 4 and , but after Year 5, growth should be a constant 5% per yearthe required return on Computech 15 what the value the stock today? Do not round calculations. Round your answer to the nearest cent. Do
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