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Super growth company will begin paying a dividend one year from today of $2 per share. The next year, there planning to boos their dividend
Super growth company will begin paying a dividend one year from today of $2 per share. The next year, there planning to boos their dividend to $4, then increase its dividend thereafter at a constant growth rate of 6%. If an investor has a required return of 9%, what is the intrinsic value of the stock today?
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