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[Nonconstant Growth Model] Hotshot Corp. recently paid a dividend (D 0 ) of $0.75 per share. The firms dividends are expected to grow at a
[Nonconstant Growth Model] Hotshot Corp. recently paid a dividend (D0) of $0.75 per share. The firms dividends are expected to grow at a rate of 12% for the next 2 years and slow down to a constant 3% thereafter. If you require a 15% return, what is the most that you would be willing to pay for one share of this stock?
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