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Portman Industries just paid a dividend of $1.90 per share. The dividend is expected to grow by 15 percent over the next year. After that,
Portman Industries just paid a dividend of $1.90 per share. The dividend is expected to grow by 15 percent over the next year. After that, though, Portman's dividend is expected to grow at a constant rate of 3 percent per year indefinitely. The required rate of return for Portman's stock is 12 percent. How much is the stock worth? Your
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