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Doc Brown, Inc. just paid a dividend of D 0 = $1.21. Analysts expect the company's dividend to grow by 28% this year, by 28%
Doc Brown, Inc. just paid a dividend of D0 = $1.21. Analysts expect the company's dividend to grow by 28% this year, by 28% in Year 2, and at a constant rate of 4% in Year 3 and thereafter. The required return on this low-risk stock is 13%. What is the best estimate of the stocks current market value, $ xxx.xx, no $ sign?
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