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Investor has just bought the common stock of XYZCorp. The company expects to grow at the following rates for the next 2 years: 15 percent
Investor has just bought the common stock of XYZCorp. The company expects to grow at the following rates for the next 2 years: 15 percent and11 percent. Last year the company paid a dividend of $3.00. Assume a required rate of return of 7%. What is and the value of the stock today?
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