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Jeremy firm has a patent that will expire in two years. The firm is expected to grow at9.0percent for the next two years and dividends
Jeremy firm has a patent that will expire in two years. The firm is expected to grow at9.0percent for the next two years and dividends will be paid at year end. It just paid a dividend of $1. After two years, the growth rate will decline to3.0percent immediately, and the firm will grow at this rate forever. If the required rate of return is11percent, value the firm's current share price.
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