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II. ( 30 points) Compute the value of common stocks: Lypy.com. The company is estimated to pay dividends at a 30% growth rate up to

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II. ( 30 points) Compute the value of common stocks: Lypy.com. The company is estimated to pay dividends at a 30% growth rate up to two years from today. However, the dividend growth will be at the steady state rate of 5% (t=3). Notice that the beta of this stock (ty)=1.7, rur =4%, and rmarket =9%

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