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Flowers Specialists pays a current (annual) dividend of $1 and is expected to grow at 30% for the first three years, 15 percent for the
- Flowers Specialists pays a current (annual) dividend of $1 and is expected to grow at 30% for the first three years, 15 percent for the following two years, and then at 8% thereafter. If the required return for Flowers Specialists is 10.5%, what is the intrinsic value of Flowers Specialists stock?
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