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please explain how to get the c03 value, I don't know how to get 66.95. thanks Assume you've generated the following information about the stock
please explain how to get the c03 value, I don't know how to get 66.95. thanks
Assume you've generated the following information about the stock of Ben's Banana Splits: The company's latest dividends of $3.94 a share are expected to yrow to $4.37 next year, to $4.85 the year after that, and to $5.38 in year 3 . After that, you think dividends will grow at a constant 3% rate. . Use the variable growth version of the dividend valuation model and a required return of 12% to find the value of the stock. \begin{tabular}{|c|c|} \hline Input & Function* \\ \hline 0 & CFO \\ \hline 4.37 & C01 \\ \hline 4.85 & CO2 \\ \hline 66.95 & CO3 \\ \hline \multirow[t]{3}{*}{12} & I \\ \hline & NPV \\ \hline & CPT \\ \hline \multicolumn{2}{|c|}{ Solution } \\ \hline \multicolumn{2}{|c|}{55.4219} \\ \hline \end{tabular}Step by Step Solution
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