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Nachman Industries just paid a dividend of D0=$2.00. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2 ,
Nachman Industries just paid a dividend of D0=$2.00. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2 , and at a constant ate of 4% in Year 3 and thereafter. The required return on this low-risk stock is 7.00%. What is the best estimate of the stock's current market value? Do not ound intermediate calculations. a. $88.20 b. $85.86 c. $91.53 d. $69.88 e. $93.53
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