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please explain in excel formula format and not financial calculator thank u Vericel Corporation, a biotechnology company, just paid a dividend of $5.85 per share
please explain in excel formula format and not financial calculator thank u
Vericel Corporation, a biotechnology company, just paid a dividend of $5.85 per share on its stock. The dividends are expected to grow by 7% per year for 5 years and then reduce to 4% growth thereafter. If the required rate of return is 9%, determine the stock's terminal value after 5 years. What is the current price of the stock
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