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Please give clear steps with pen and paper. Please do not use excel to calculate this because I have to show clear steps in a
Please give clear steps with pen and paper. Please do not use excel to calculate this because I have to show clear steps in a paper for this homework, thanks!
Evergrow's just paid its annual dividend of $9 per share. This dividend is expected to grow 13.6% per year in the coming 8 years and by 2.3% per year afterwards. Suppose the market discounts Evergrow's cash flows at a rate of 16.52 per year. What is Evergrow's current stock price? Report your answer with 2-digit precision (ex. 12.34)Step by Step Solution
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