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Probably Company's last dividend was $4. The dividend growth rate is expected to be constant at 11 % for 3 years, after which dividends are
Probably Company's last dividend was $4. The dividend growth rate is expected to be constant at 11 % for 3 years, after which dividends are expected to grow at a rate of 1% forever. If the firm's required return (rs) is 12%, what is its current stock price?
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