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Suppose that Zoom Video Communication, Inc. s ( ZM ) stock is selling for $ 5 0 . 0 0 per share. Analysts believe that

Suppose that Zoom Video Communication, Inc.s (ZM) stock is selling for $50.00 per share. Analysts believe that the growth rate for Zoom will be 20% for the next three years, 40% for the following 2 years, and thereafter, the growth rate will be 6% indefinitely. Due to its growth, Zoom will not pay a cash dividend until three years from now. At the time the dividend will be $3.00. Thereafter the dividend will grow by the same rate as the company. Stockholders require a return of 20 percent on Zooms stock.
Required:
a) Based on the above assumptions, determine the price of Zooms common stock.
But i keep getting diff solution, can you do it with the time value table and considering year 0

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