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Please show the work Utah Minerals & Mining (UMM) has a market price of $22.56 and paid $0.80 in dividends for the current year. UMMs
Please show the work
Utah Minerals & Mining (UMM) has a market price of $22.56 and paid $0.80 in dividends for the current year. UMMs dividends are expected to grow 10% annually for the next three years, and then at 5% annually thereafter. UMMs beta is 0.70, the riskless interest rate is 3%, and the market risk premium is 7%. With this information, use a two-stage DDM to estimate UMMs value per share. (Enter your answer to the nearest $0.01. Leave the $ sign off. In other words, if your answer is $55.55, enter 55.55 for your answer.)
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