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Pharoah Corp will pay dividends of 5.00, 6.25, 4.75, and 3.00 in the next four years. Thereafter management expects the dividend growth rate to be
Pharoah Corp will pay dividends of 5.00, 6.25, 4.75, and 3.00 in the next four years. Thereafter management expects the dividend growth rate to be constant at 5 percent. If the required rate of return is 17.8 percent, what is the current value of the stock?
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