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Now assume that company is expected to experience supernormal dividend growth of 18 percent for the next 4 years, then to fall to a long-run
Now assume that company is expected to experience supernormal dividend growth of 18 percent for the next 4 years, then to fall to a long-run constant growth rate of 5 percent. What would the stocks value be under these conditions?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
