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Here you go - the non-constant DDM: Jonestown, Inc.'s current dividend of $2.50 is expected to grow 20% for the next 5 years and then

Here you go - the non-constant DDM: Jonestown, Inc.'s current dividend of $2.50 is expected to grow 20% for the next 5 years and then fall to 10% thereafter. If the investor's required rate of return is 14%, what is Jonestown's intrinsic value (what would you pay for the stock today)

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