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D Question 5 4 pts Computech is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However,

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D Question 5 4 pts Computech is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends starting with $1.0 per share 2 years from today and will grow rapidly at 25% for two years (during year 3 and year 4); after year 4, growth should be a constant 5% per year. If the required rate of return on Computech = 12%, what is the value of its stock today? M $17.57 $16.77 $15.62 $14.88 $19.23

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