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Kacy s , Inc. paid a dividend of $ 2 per share last year reflecting a supernormal growth rate of 2 0 % . Dividends
Kacys Inc. paid a dividend of $ per share last year reflecting a supernormal growth rate of Dividends will grow at for the next years before settling down to a constant growth of The required rate of return is What is the fair market valueprice P of their common stock?
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