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Megill corporation has never paid a dividend and reinvests all of its net income to support aggressive growth. the ceo expects this period to continue
Megill corporation has never paid a dividend and reinvests all of its net income to support aggressive growth. the ceo expects this period to continue fir 4 years, at which time megill will pay its first dividend of $4.25. the dividend is expected to grow 4% thereafter. if the firms cost of equity is 11%, what is the price of the stock today?
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