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Huang Company's last dividend was $2.15. The dividend growth rate is expected to be constant at 20.0% for 3 years, after which dividends are expected
Huang Company's last dividend was $2.15. The dividend growth rate is expected to be constant at 20.0% 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. $59.44 b. $67.74 c. $72.31 d. $67.29 e.$65.14
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