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Fast, a publicly traded NASCAR parts manufacturer paid a $ 0 . 7 5 dividend yesterday. The company's required rate of return on equity is
Fast, a publicly traded NASCAR parts manufacturer paid a $ dividend yesterday. The company's required rate of return on equity is Assume that the company recently stole a supersecret turbobooster from Volvo that increases horsepower but cannot be detected by NASCAR computers. As a result, the company is expected to grow next year, the following year, and then at forever. What is the price of the stock?
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