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Please answer and explain ASAP and ill leave a thumbs up! TJX Companies, Inc. is experiencing a period of rapid growth. Earnings and dividends are
Please answer and explain ASAP and ill leave a thumbs up!
TJX Companies, Inc. is experiencing a period of rapid growth. Earnings and dividends are expected to grow at a rate of 30% during the next 3 years, at 15% in the forth year, and at a constant rate of 7% thereafter. TJX's last dividend was $1.2, and the required rate of return is 10%. Calculate the value of the stock today. $81.00 $76.30 $74.29 $72.54 Step by Step Solution
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