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if XYZ pays a fixed dividend at $3 for the next 3 years. Dividend expected to grow 5% every year. After year 3 required return
if XYZ pays a fixed dividend at $3 for the next 3 years. Dividend expected to grow 5% every year. After year 3 required return (cost of equity) is 13.6%. What is the intrinsic value of the stock today?
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
