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Problem 4-13 Two-stage DCF model Company Z-prime's earnings and dividends per share are expected to grow by 4% a year, Its growth will stop after

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Problem 4-13 Two-stage DCF model Company Z-prime's earnings and dividends per share are expected to grow by 4% a year, Its growth will stop after year 4 in year 5 and afterward, it wil pay out all earnings as dividends. Assume next year's dividend is $6, the cost of equity is 16%, and next year's EPS in 513: What is 2-prime's stock price? Note: Do not round intermediate calculations, Found your answer to 2 decimal places

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