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Problem 9 nure Roller Inc. has just paid an annual dividend of $ 0 . 7 4 . Analysts expect dividends to grow by 8

Problem 9
nure
Roller Inc. has just paid an annual dividend of $0.74. Analysts expect dividends to
grow by 8% per year for the next 7 years, and then by 3% per year thereafter. The
company has a required return of 12%.
Part 1
What is the value of the stock now?
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