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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 1 1% and you want to earn a 16% annual return. What should you pay for the stock? $67.55 $74.39 $83.34 $61.46
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