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solve without excel 1. OK Fencing Co. is experiencing a high growth period. As such, they expect dividends to grow at 12% per year for
solve without excel
1. OK Fencing Co. is experiencing a high growth period. As such, they expect dividends to grow at 12% per year for the next 3 years. After that the dividend growth rate should slow to about 3%. The required rate of return is 15% and they just paid a dividend of $1.80, what is the current share price? $19.40 What if the firm decided to pay a fixed dividend of $2.60 forever after the initial period of high growth? What is the value of the stock? $16.52 Step by Step Solution
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