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please help me to solve these questions. (d) Elsa Ltd's common stock is expected to have extraordinary growth in earnings and dividends of 20% per
please help me to solve these questions.
(d) Elsa Ltd's common stock is expected to have extraordinary growth in earnings and dividends of 20% per year for 3 years, after which the growth rate will settle into a constant 6%. If the discount rate is 12% and the most recent dividend was $0.50 what should be the approximate current stock price? (12 marks)
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