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Now it's time for you to practice what you've learned. Suppose that the firm recently paid a dividend $3.25. It expects to have nonconstant growth

image text in transcribed Now it's time for you to practice what you've learned. Suppose that the firm recently paid a dividend $3.25. It expects to have nonconstant growth of 9% for 3 years and then a constant rate of 4% thereafter. The firm's required return is 8%. The firm's horizon, or continuing, value is and its intrinsic value today is

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