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Given the following information, calculate the current value of the stock: current dividend is $3.00, projected super normal growth for three years at 20%, growth
Given the following information, calculate the current value of the stock: current dividend is $3.00, projected super normal growth for three years at 20%, growth rate after year 3 should remain constant at 9% and you want to earn a 16% annual return. What should you pay for the stock?
$68.62 | ||
$56.89 | ||
$61.33 | ||
$72.82 |
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