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please show how to do this on a financial calculator, thank you! 19, suppose that sales and profits of Oly Enterprises are growing at a
please show how to do this on a financial calculator, thank you!
19, suppose that sales and profits of Oly Enterprises are growing at a rate of 30% per year. At the end of four years, the growth rate will drop to a steady 6%. At the end of year 5, Oly will issue its first dividend in the amount of S3 per share. If the required return is 15%, what is the value of a share of stock? Assume dividends grow at the same rate as earnings after year 4. a. $11.67 b. $16.57 c. $19.06 d. $33.33 e. None of the aboveStep by Step Solution
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