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Find the Value of the Stock with non-constant growth Again Consider the publicly traded firm Gemma Corp. Their last dividend paid was $5.15. The growth
Find the Value of the Stock with non-constant growth Again
Consider the publicly traded firm Gemma Corp. Their last dividend paid was $5.15. The growth rate is expected to be 6% for the next two years and then 4% forever after that. The firm's required return is 12%. What is the best estimate of the current stock price? Do not round intermediate calculations. And include two decimals in your answer.
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