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solve 3. GrifCo. Is a fast growing technology company. It is not expected to pay any dividends for the next ten years. When it pays
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3. GrifCo. Is a fast growing technology company. It is not expected to pay any dividends for the next ten years. When it pays its first dividend at the end of year 10 , it expects to pay a dividend of $.65 that will grow at a rate of 5% forever. You believe that the appropriate discount rate is 9%. What are you willing to pay for this stock today? 4. A stock trades at $60 and has an annual growth rate of 4%. It just paid a dividend of $1.25. What is the implied discount rate for this stock Step by Step Solution
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