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se sales and profits ofoly Enterprises are growing at a rate of 30% per year. At the end Suppo offour years the growth rate will

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se sales and profits ofoly Enterprises are growing at a rate of 30% per year. At the end Suppo offour years the growth rate will drop to a steady 4%. At the end of year 5, Oly will issue its first dividend in the amount ofGH 0.20 per share. Ifthe required return on Oly is 16%, what is the value of a share of Oly's stock? Assume dividends grow at the same rate as earnings after year 4. a. GHe0.749 b. GHe0.767 c. GH:0.817 d. GHe0.920 e. GHc0.991

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