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Super Savors expects dividends to grow at a rate of 17.2% for the next two years. After two years dividends are expected to grow at
Super Savors expects dividends to grow at a rate of 17.2% for the next two years. After two years dividends are expected to grow at a constant rate of 5%, indefinitely. Super Savors's required rate of return is 14.1% and they paid a $1.18 dividend today. What is the value of Super Savors common stock per share?
Dividend at end of year 1:
Dividend at end of year 2:
Dividend at end of year 3:
Price of stock at end of year 2:
Price of stock today:
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