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Osweilers Apparel is a rapidly growing company. Its dividends are forecasted to grow at the following rates for the next three years: 30%, 25%, and

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Osweilers Apparel is a rapidly growing company. Its dividends are forecasted to grow at the following rates for the next three years: 30%, 25%, and 15%. Dividends are then expected to grow at a constant rate of 6% forever. The company paid a dividend of $4.25 last week and the required rate of return is 19%. What is the value of this stock? Round to two decimals. Answer: You own shares of stock in DVDLand Inc. Sales and dividends have been flat recently and you expect them to begin falling soon. The firm just paid a $7.50 dividend. You expect the dividends to remain unchanged for the next two years and then begin falling by 6% per year indefinitely. The required rate of return for DVDLand is 13%. What is a share of stock worth today? Round your answer to two decimals

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