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Suppose we have a firm that is assumed to have a dividend growth rate of 20% for the next three years, then 4% per year

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Suppose we have a firm that is assumed to have a dividend growth rate of 20% for the next three years, then 4% per year afterward. The cost of equity is assumed to be 16%. Assume that the stock recently paid a dividend of $8. The Compute the value of the stock

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