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do as soon as possible Yam-Hash Corporation is expanding rapidly, and it does not pay any dividends because it currently needs to retain all of
do as soon as possible Yam-Hash Corporation is expanding rapidly, and it does not pay any dividends because it currently needs to retain all of its earnings. However, investors expect Simpkins to begin paying dividends, with the first dividend of 64 coming 3 years from today. The dividend should grow rapidlyat a rate of 50% per yearduring Years 4 and 5. After Year 5, the company should grow at a constant rate of 8% per year. If the required return on the stock is 15%, what is the value of the stock today?
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