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please show all steps. thanks High Fashion Co. has the following data. Beta is 1.2, market risk premium is 5.5%, and government bond rate is

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High Fashion Co. has the following data. Beta is 1.2, market risk premium is 5.5%, and government bond rate is 3%. The company's last dividend was $1.25. Future earnings and dividends are expected to grow at a rate of 20% for the next four years, and then competition is expected to reduced future growth to 5% thereafter. What is fair market value of the common stock

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