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Consider a firm that just paid a dividend of $ 5 . 5 0 per share. The company expects growth in the coming 2 years

Consider a firm that just paid a dividend of $5.50 per share. The company expects growth in the
coming 2 years to be 17%. After the second year, the firm expects dividends to grow at a
constant rate of 3% per year. Assume the required rate of return is 10%

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