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Kemet Corp, an information technology firm, has experienced abnormal growth. The company anticipates that it will grow at an abnormal rate of 20% for the
Kemet Corp, an information technology firm, has experienced abnormal growth. The company anticipates that it will grow at an abnormal rate of 20% for the next three years. After that, the growth rate will drop to match the industry's constant growth rate of 5%. If investors require 20% return and the firm's dividend per share is expected to be $4 (DIV1 = $4), what should be Kemet's stock price?
Stock price = $__________
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