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Nachman Industries just paid a dividend of Do $5.00. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year
Nachman Industries just paid a dividend of Do $5.00. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 4% in Year 3 and thereafter. The required return on this low-risk stock is 10.00 %. What is the best estimate of the stock's current market value? Do not round intermediate calculations. a. $119.24 b. $114.24 c. $110.30 d. $165.45 e. $104.93
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