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Sawchuk Consulting has been profitable for the last 5 years, but it has never paid a dividend. Management has indicated that it plans to pay
Sawchuk Consulting has been profitable for the last years, but it has never paid a dividend. Management has indicated that it plans to pay a $ dividend years from today, then to increase it at a relatively rapid rate of for years, and then to increase it at a constant rate of thereafter. Assuming a required return of what is your estimate of the stock's current value?
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