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elnt. POUUE 4 HOMtev ork Assignment Score: 76.66 % Save Submit Assignment for Grading ns Problem 9.14 (Nonconstant Growth) 4Question 17 of 20 Check My

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elnt. POUUE 4 HOMtev ork Assignment Score: 76.66 % Save Submit Assignment for Grading ns Problem 9.14 (Nonconstant Growth) 4Question 17 of 20 Check My Work (3 remaining) eBook Problem Walk-Through Computech Corporation 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, beginning with a dividend of $1.00 coming 3 years from today. The dividend should grow rapidly at a rate of 43 % per year - during Years 4 and 5, but after Year 5, growth should be a constant 10 % per year. If the required return on Computech is 15% , what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cet. Check My Work (3 remaining) O Ieon Key 11:35 2/7/2019

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