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Please answer with workings thanks!! The Star Company just paid a dividend of 1.40. Analysts expect its dividend to grow at a rate of tenpercent
Please answer with workings thanks!!
The Star Company just paid a dividend of 1.40. Analysts expect its dividend to grow at a rate of tenpercent next year, eight percent for the following two years, and then a constant rate of five percent thereafter. Required rate of return is twelve percent. Estimate the current value of The Star Company shares?
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