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i want An illustration of the solution 16. The Tesco Company's last earnings per share and dividend payout ratio were $3.5 and 50% respectively. Its
i want An illustration of the solution
16. The Tesco Company's last earnings per share and dividend payout ratio were $3.5 and 50% respectively. Its dividend growth rate is expected to be constant at 25% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return is 12%. What is the best estimate of the current stock price Step by Step Solution
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