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not too long explanations. Boni Software products currently pay $1.20. the dividend is expected to grow 30 percent a year for the next five years,

not too long explanations. Boni Software products currently pay $1.20. the dividend is expected to grow 30 percent a year for the next five years, followed by growth of 20 percent a year for the following five years. After 10 years, the dividend is expected to grow at 6 percent a year. The required. The required return for Boni is 21 percent. What is its intrinsic value

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