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QUESTION Computech Corporation is expanding rapidly and currently needs to retain all of its earnings, hence, it does not pay dividends. However, investors expect Computed

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QUESTION Computech Corporation is expanding rapidly and currently needs to retain all of its earnings, hence, it does not pay dividends. However, investors expect Computed to begin paying vidends, beginning with a dividend of $0.50 per year in year 3. The dividend should grow rapidly-at a rate of 50% per year-during verstands but after year 5.growth should be a constant 6% per year forever. If the required return on Computech is 14%, what is the value of the stock toda 11122 1125

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