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Given the following information, calculate the current value of Builtrite's common stock: current dividend is $7.00, projected super normal growth for three years at 15%,
Given the following information, calculate the current value of Builtrite's common stock: current dividend is $7.00, projected super normal growth for three years at 15%, growth rate after year 3 should remain constant at 6% and you want to earn a 10% annual return. What should you pay for the stock?
O $225.84
O $240.25
O $219.89
O $234.92
Given the following information, calculate the current value of Builtrite's common stock: current dividend is $7.00, projected super normal growth for three years at 15%, growth rate after year 3 should remain constant at 6% and you want to earn a 10% annual return. What should you pay for the stock?
O $225.84
O $240.25
O $219.89
O $234.92
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