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Mosley and his brother Jim recently paid a dividend, D 0 , of $1.25. It expects to have non-constant growth of 20% for 2 years
Mosley and his brother Jim recently paid a dividend, D0, of $1.25. It expects to have non-constant growth of 20% for 2 years followed by a constant rate of 5% thereafter. Their firm's required return is 8%.
What is the firm's intrinsic value today?
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