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On December 31, 2019, MSX declared dividends of $2. The dividends are expected to grow at 10% per year for the next five years. After
On December 31, 2019, MSX declared dividends of $2. The dividends are expected to grow at 10% per year for the next five years. After that, the growth is estimated at 5%/Yr. forever (long-term growth). Based on CAPM, investors expect a return of 15% per year for MSX. Estimate the price for MSX on December 31, 2019.
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