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Question 8 4 pts TechNo Corp is a rapid-growth IT firm. TechNo expects to grow at 20% for the next four years. After year four,
Question 8 4 pts TechNo Corp is a rapid-growth IT firm. TechNo expects to grow at 20% for the next four years. After year four, growth will moderate at 5.0%. TechNo expects to pay a dividend of $1.75 per share next year. If TechNo's required return is 12% and the stock is currently selling at $39.40 per share, is the stock fairly valued? If not, by how much is it over-or under-valued? O No, it is over-valued by $3.62 O No, it is under-valued by $15.35 O No, it is over-valued by $17.53 O No, it is over-valued by $16.98
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