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Sugar Ray Co. just paid a dividend of D 0 = $1.50. Analysts expect the company's dividend to grow by 27% this year, by 27%
Sugar Ray Co. just paid a dividend of D0 = $1.50. Analysts expect the company's dividend to grow by 27% this year, by 27% in Year 2, and at a constant rate of 4% in Year 3 and thereafter. The required return on this low-risk stock is 10%. What is the best estimate of the stocks current market value, $ xxx.xx, no $ sign?
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