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Gitner Inc. just paid a dividend of D 0 = $1.55. Analysts expect the company's dividend to grow by 40% this year, by 30% in
Gitner Inc. just paid a dividend of D0 = $1.55. Analysts expect the company's dividend to grow by 40% this year, by 30% in Year 2, and at a constant rate of 6% in Year 3 and thereafter. The required return on this low-risk stock is 11.00%. What is the per-share estimate of the stocks intrinsic value?
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