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Lakeside Aviation just paid a dividend of $2.20. The company's dividend growth is expected to be 10% for the next 3 years after which the
- Lakeside Aviation just paid a dividend of $2.20. The company's dividend growth is expected to be 10% for the next 3 years after which the rate will drop to 5%. The company's required rate of return is 11%. What is the estimated value of the company's stock using the Dividend Growth Model?
Please provide clear calculation
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
