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Could I Industries just paid a dividend of $1.82 per share. The dividends are expected to grow at a rate of 16 percent for the
Could I Industries just paid a dividend of $1.82 per share. The dividends are expected to grow at a rate of 16 percent for the next four years and then level off to a growth rate of 4 percent indefinitely. If the required return is 15 percent, what is the value of the stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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