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Forever 21 is expected to pay an annual dividend of $3.51 per share in one year, which is then expected to grow by 8% per
Forever 21 is expected to pay an annual dividend of $3.51 per share in one year, which is then expected to grow by 8% per year indefinitely. Suppose the company's stock should earn an appropriate yearly return of 14% determined by Capital Asset Pricing Model (CAPM). Attempt 1/3 for 10 pts. Part 1 Using Dividend Discount Model to find the appropriate stock price
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