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SHOW YOUR WORK. EXPLAIN WHY YOU HAVE. Minnick Enterprises recently paid a dividend, D 0, of $3.00. It expects to have nonconstant growth of 25
SHOW YOUR WORK. EXPLAIN WHY YOU HAVE. Minnick Enterprises recently paid a dividend, D 0, of $3.00. It expects to have nonconstant growth of 25 percent for 2 years followed by a constant rate of 8 percent thereafter. The firms required return is 11 percent. What is the stocks intrinsic value today?
a.$175.93
b.$125.00
c.$144.14
d.$130.57
e.$177.19
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