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Shabbaz Inc. JUST paid its annual dividend of $ . 3 5 per share. The dividends are expected to grow at 2 5 percent annually
Shabbaz Inc. JUST paid its annual dividend of $ per share. The dividends are expected to grow at percent annually for the next years and then level off to an annual growth rate of percent indefinitely. What is the price of this stock today given a required return of percent? Round all intermediate calculations to decimal places.hint: keep in mind that the price is the present value of all dividends during nonconstant growth PLUS the present value of the price when growth becomes constant
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