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Falcon Ski, Inc., has just paid $2 of dividend (D0). The firm will experience supernormal growth of 30% in the next 3 years and then
Falcon Ski, Inc., has just paid $2 of dividend (D0). The firm will experience supernormal growth of 30% in the next 3 years and then return to its constant growth rate of 6%. If the required return on common stock is 16%, what should the price of the stock be?
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