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Please show all steps and double check your work! Question 8 1 pts ZZZ Industries just paid a dividend of $1.98 per share. The dividends
Please show all steps and double check your work!
Question 8 1 pts ZZZ Industries just paid a dividend of $1.98 per share. The dividends are expected to grow at a 20 percent rate for the next 6 years and then level off to a 3 percent growth rate indefinitely. If the required return is 8.39 percent, what is the value (in $) of the stock today? Answer to two decimals, carry intermediate calculations to four decimalsStep by Step Solution
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