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Please show work with excel! Quantitative Problem 3: Assume today is December 31, 2013 Imagine works Inc. ust paid a dividend of $1.20 per share
Please show work with excel!
Quantitative Problem 3: Assume today is December 31, 2013 Imagine works Inc. ust paid a dividend of $1.20 per share at the end of 2013. The dividend is expected to grow at 12% per year for 3 years after which time it is expected to Works is 9.5%. Using the dividend growth model allowing for nonconstant growth at a constant rate of 5% annually. The company's cost of equity pany's cost of r answer to the nearest cent. Do not round intermediate calculations. what should be the price of the company's stock today December 31, 2013 ? Round per share yourStep by Step Solution
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