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Lilys Petal Tea Stores last dividend was $1.50 and the are expected to increase dividends by 15% next year and 12% the year after that.
Lilys Petal Tea Stores last dividend was $1.50 and the are expected to increase dividends by 15% next year and 12% the year after that. Starting in Year 3, the dividend will increase 5% per year indefinitely. The required return is 20%. What is the current price of Lilys Petal Tea Store
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
