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Hart Enterprises recently paid a dividend, D0, of $1.25. It expects to have non-constant growth of 20% for 2 years followed by a constant rate
Hart Enterprises recently paid a dividend, D0, of $1.25. It expects to have non-constant growth of 20% for 2 years followed by a constant rate of 5% thereafter. The firm's rate of return is 8%. What is the firm's intrinsic value today?
A.) $59.4
B.) $60.24
C.) $57.87
D.) $56.94
E.) $58.24
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