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LUS Help I System Announcements Problem 9.24 Management of Sheridan, a biotech firm, forecasted the following growth rates for the next three years: 35 percent,

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LUS Help I System Announcements Problem 9.24 Management of Sheridan, a biotech firm, forecasted the following growth rates for the next three years: 35 percent, 28 percent, and 22 to grow at a constant rate of 9 percent forever. The company paid a dividend of $1.55 last week. If the required rate of return is 21 percent, what is the value of this stock? (Round intermediate calculations and final answer to 2 decimal places, e.o. 15.20.) Management then expects the company Value of stock Click if you would like to Show Work for this question: Onen Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 3 used SAVE FOR LATER Earn or less

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