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Moore Enterprises recently paid a dividend of $3.50 per common share. Equity analysts expect the company's dividend to grow by 20.0% this year, by 10.0%
Moore Enterprises recently paid a dividend of $3.50 per common share. Equity analysts expect the company's dividend to grow by 20.0% this year, by 10.0% in Year 2, and at a constant rate of 4.0% in all years thereafter. The required return on this stock is 12.0%. What is the best estimate of the current market value of Moore's common stock
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