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Question-3 (5 marks) Dollar Inc. is a rapidly growing corporation. Its earnings and dividends are expected to grow at a rate of 30% for the

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Question-3 (5 marks) Dollar Inc. is a rapidly growing corporation. Its earnings and dividends are expected to grow at a rate of 30% for the next 2 years, then at growth rate of 20% for the following 3 years. After that, a constant growth rate of 9% is expected. Its last dividend was $2.45. If the required rate of return on stocks with similar risk is 22%, what is the current price of the stock

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