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Dogs and Bones Corporation payed annual dividend of 5.00. The growth rate of dividends is expected to decline from 18% to 6% over the 6

Dogs and Bones Corporation payed annual dividend of 5.00. The growth rate of dividends is expected to decline from 18% to 6% over the 6 years and remain at that level indefinitely. The required rate of return for Dogs and Bones Corporation is 20%. Please calculate estimated value of Dogs and Bones Corporation using the H-model.

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