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Kyle is attempting to value the Yankee company. Yankee's dividend is currently $0.40 per share. Kyle is estimating that the dividend will grow by 6.00%
Kyle is attempting to value the Yankee company. Yankee's dividend is currently $0.40 per share. Kyle is estimating that the dividend will grow by 6.00% for three consecutive years, but will then see the growth in dividends fall to -1.00% in the fourth year and will continue to grow at that lower rate each year thereafter forever. Using a required rate of return of 4.25%, provide an estimate of the price of a share of Yankee. $ Place your answer in dollars and cents without dollar sign or comma. For example, enter an answer of thirty three dollars and thiry three cents as 33.33. Work all analysis using at least four decimal points of accuracy
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