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Q9. Goldman co's last dividend was $1.20. It's dividend growth rate is expected to be constant at 25% per year for 2 years, after which
Q9. Goldman co's last dividend was $1.20. It's dividend growth rate is expected to be constant at 25% per year for 2 years, after which dividends are expected to grow at a rate of 4% forever. Its required return is 15%. a. How far is the Horizon value? b. What is the firm's horizon, or continuing, value? c. What is the best estimate intrinsic value of the stock price
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