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Home Depot just paid a $1 dividend. You expect the dividend will grow at 15% for the next two years, followed by annual growth rates
Home Depot just paid a $1 dividend. You expect the dividend will grow at 15% for the next two years, followed by annual growth rates of 12%, 10%, and 8%. After that, you expect dividends will growth at 6% for the foreseeable future. If the market requires 11% on stocks of this risk, what is the current value of Home Depots stock?
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