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Huang Company's last dividend was $1.25. The dividend growth rate is expected to be constant at 15.0% for 3 years, after which dividends are expected
Huang Company's last dividend was $1.25. The dividend growth rate is expected to be constant at 15.0% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price? Do not round intermediate calculations. (A) $37.52 (B) $25.79 (C) $34.50 (D) $33.50 (E) $41.87
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