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Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 45.00% for 2 years, after which dividends are
Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 45.00% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (rs) is 12%. What is the best estimate of the current stock price? Select the correct answer. a. $55.42 b. $55.82 c. $56.22 d. $57.02 e. $56.6
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