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please need it in 20min Fargo's stock is selling for $15 per share. Fargo just declared dividend of $2.00 This dividend is expected to grow
please need it in 20min
Fargo's stock is selling for $15 per share. Fargo just declared dividend of $2.00 This dividend is expected to grow at an annual 15 percent rate for next three years (years 1 to 3 ) and then from year 4 onwards dividends gre expected to grow at the firm's normal growth rate of 6.6 percent for the forseeable future. The firm's required rate of return is 18 percent. The stock is... (Mark your closest answer) Undervalued by $8.01 Undervalued by $2.05 Correctly Valued Overvalued by $8.01 Step by Step Solution
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