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For the most recent year, GHI Company paid an annual dividend of $1.00. The company expects dividends to grow by 15% for the next two
For the most recent year, GHI Company paid an annual dividend of $1.00. The company expects dividends to grow by 15% for the next two years, followed by 4 years of growth at 10% per year, before dropping to a perpetual growth rate of 4% starting in year 7. The required return is 12%.
What is the intrinsic value per share of GHI stock?
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