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please help Quantitative Problem 3: Assume today is December 31, 2019. Imagine Works Inc, fust paid a dividend of $1.30 per share at the end
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Quantitative Problem 3: Assume today is December 31, 2019. Imagine Works Inc, fust paid a dividend of $1.30 per share at the end of 2019. The dividend is expected to grow at 12% per year for 3 years, after which time it is expected to graw at a constant rate of 5.5% annually. The company's cost of equilty (r.) is 9%. Using the dividend growth model (aliowing for nonconstant growth), what should be the price of the company's stock today (December 31,2019) ) Do not round intermediate calculations: Round your answer to the nearest cent, per share Step by Step Solution
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