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(ii) Mountain Co. is currently paying a dividend of $2.20 per share. The dividends are expected to grow at 25% per year for the next
(ii) Mountain Co. is currently paying a dividend of $2.20 per share. The dividends are expected to grow at 25% per year for the next four years and then grow 5% per year thereafter. The required rate of return is 10%. What is the expected price 5 years from today? The answer is 118.43!!! I just need to know how they got it. Do not reply with another answer because it'll be wrong
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