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Sailsboro just paid a dividend of $1.5 per share. Dividends are expected to grow at 12%, 9%, and 5% for the next three years respectively.
Sailsboro just paid a dividend of $1.5 per share. Dividends are expected to grow at 12%, 9%, and 5% for the next three years respectively. After that the dividends are expected to grow at a constant rate of 3% indefinitely. Stockholders require a return of 10 percent to invest in Sailsboro's common stock. Compute the value of Sailsboro's common stock today
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