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Please show work / formulas 6 8. (25 points) Suppose in 2022 you estimated that company X's 2023 and 2024 dividend per share will be

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Please show work / formulas

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6 8. (25 points) Suppose in 2022 you estimated that company X's 2023 and 2024 dividend per share will be 0.360 and 0.457, respectively. Beginning from 2025, X's dividend growth rate will be 16.1%. Using the two-stage dividend discount model (DDM), what is the fundamental value in year 2022? The discount rate for X's cash flows is 20%

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