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Question 9(1 point) Koman company's stock just paid a dividend of $1.The company's dividend is expected to grow at a rate of 0.29 this year,

Question 9(1 point)

Koman company's stock just paid a dividend of $1.The company's dividend is expected to grow at a rate of 0.29 this year, 0.17, next year, 0.08 for every year after that. If Koman has a required rate of return of 0.11, what is terminal value of the stock or what is the value of the stock when it first becomes a constant growth stock?

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