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Portman Industries just paid a dividend of $2.40 per share. The dividend is expected to grow by 32% over th next year. After that, though,

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Portman Industries just paid a dividend of $2.40 per share. The dividend is expected to grow by 32% over th next year. After that, though, Portman's dividend is expected to grow at a constant rate of 3.20% per year indefinitely. The required rate of return for Portman's stock is 10.72%. How much is the stock worth

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