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Reagent Corp. is experiencing rapid growth. Dividends are expected to grow at 20% per year during the next three years, 15% over the following year,
Reagent Corp. is experiencing rapid growth. Dividends are expected to grow at 20% per year during the next three years, 15% over the following year, and then 10% per year, indefinitely. The required return on this stock is 15% and a dividend of $1.87 was paid yesterday. What is the intrinsic value of this stock?
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