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The coffee and sandwich company will initiate delivery service. It will expand services and expected to grow its dividend at the rate of 10% a
The coffee and sandwich company will initiate delivery service. It will expand services and expected to grow its dividend at the rate of 10% a year for the first 2 consecutive years, but after that at the lower rate of 5% a year thereafter forever. What is the price per share of CSC if the dividend just paid is $4.25 and the required rate of return is 20%?
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