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Sheffield Inc has just paid a dividend of $4.90. Analyst forecasts annual dividend growth of 8 percent for the next five years; then dividends will
Sheffield Inc has just paid a dividend of $4.90. Analyst forecasts annual dividend growth of 8 percent for the next five years; then dividends will decrease by 1 percent per year in perpetuity. The requireed dreturn is 11 percent (effective annual return, EAR). What is the current value per share according to the analyst?
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