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Stock ACRE has an expected growth rate of 12% for the first 2 years and 5% thereafter. Each share of stock just received an annual
Stock ACRE has an expected growth rate of 12% for the first 2 years and 5% thereafter. Each share of stock just received an annual $2.00 dividend per share. The appropriate discount rate is 10%. What is the value of the common stock under this scenario?
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