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How do you do this? A stock just paid a dividend of $2.50. The dividend is expected to grow at 20% for three years and
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A stock just paid a dividend of $2.50. The dividend is expected to grow at 20% for three years and then grow at 5% thereafter. The required return on the stock is 13%. What is the value of the stock? a. 47.76 b. 57.46 c. 49.55 d. 43.25 e. 59.45Step by Step Solution
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