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Larkspur Inc. has just paid a dividend of $ 5 . 1 0 . An analyst forecasts annual dividend growth of 7 percent for the
Larkspur Inc. has just paid a dividend of $ An analyst forecasts annual dividend growth of percent for the next five years; then dividends will decrease by percent per year in perpetuity. The required return is percent effective annual return, EAR What is the current value per share according to the analyst? Round present value factor calculations to decimal places, eg and other intermediate calculations to decimal places, eg Round final answer to decimal places, eg
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