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Microsoft has just paid a dividend of $1 per share this dividend is already paid sometimes called Dividend 0). It is estimated that the companys

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Microsoft has just paid a dividend of $1 per share this dividend is already paid sometimes called Dividend 0). It is estimated that the companys dividend will grow at a rate of 35% in year 1 and 20% in year 2. The dividend is then expected to grow at a constant rate of 8% thereafter. The companys opportunity cost of capital is 11%, what is an estimate Microsofts stock using the nonconstant growth technique

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