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NBM common stock recently paid annual dividend in the amount of $2.25 per share. The analyst's estimate of the firm's growth forecast over the next
NBM common stock recently paid annual dividend in the amount of $2.25 per share. The analyst's estimate of the firm's growth forecast over the next 6 years is 16.25%. You expect the firm to slow down in the long run and estimate the long-term growth rate after 6 years to be 7.5%. If the required rate of return on the stock is 11%, what is your estimate of the stock price
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