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Doc Brown, Inc. just paid a dividend of Do = $1.21. Analysts expect the company's dividend to grow by 21% this year, by 21% in
Doc Brown, Inc. just paid a dividend of Do = $1.21. Analysts expect the company's dividend to grow by 21% this year, by 21% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 14%. What is the best estimate of the stock's current market value, $ XXX.XX, no $ sign
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