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Membo just paid a dividend of $4.6 per share. Dividends are expected to grow at 5%, 4%, and 3% for the next three years respectively.
Membo just paid a dividend of $4.6 per share. Dividends are expected to grow at 5%, 4%, and 3% for the next three years respectively. After that the dividends are expected to grow at a constant rate of 2% indefinitely. Stockholders require a return of 7 percent to invest in Membos common stock. Compute the value of Membos common stock today.
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