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Financial Management Using Formula Acme company just paid a dividend of $3 per share. It is expected to grow at 20% for the next 2

Financial Management

Using Formula

Acme company just paid a dividend of $3 per share. It is expected to grow at 20% for the next 2 years and then at 4% thereafter. The required rate of return is 6%. What is the price of Acme stock?

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