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Nachman Industries just paid a dividend of D0=$3.25. 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=$3.25. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2 , and at a constant rate of 7% in Year 3 and thereafter. The required return on this low-risk stock is 12.00%. What is the best estimate of the stock's current market value? Do not round intermediate calculations. a. $90.01 b. $86.76 c. $81.58 d. $64,11 e. $78.27
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