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Suppose that a firm just paid a dividend of $2.00. The dividend is expected to grow 20% per year for four years and 5% per
Suppose that a firm just paid a dividend of $2.00. The dividend is expected to grow 20% per year for four years and 5% per year thereafter. The required rate of return is 8%. What is the price of the stock today? What should the price be two years from today
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