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MPC Company just paid a dividend of $3.00. You expect the dividend to grow by 4% this year, 5% next year and 6% the following
MPC Company just paid a dividend of $3.00. You expect the dividend to grow by 4% this year, 5% next year and 6% the following year. You have determined the required rate of return on this stock should be 14%. The stock's current market price is $45. What would the terminal growth rate in years found and beyond need to be to justify this price
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