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Question 12 The Ramirez Company's last dividend was $2.75. Its dividend growth rate is expected to be 25% for 1 year, after which dividends are

Question 12
The Ramirez Company's last dividend was $2.75. Its dividend growth rate is expected to be 25% for 1 year, after which dividends are expected to grow at a rate of 6% forever. Its required returnis 12%. What is the best estimate of the current stock price?

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