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The current dividend of LoYo Company is $2.35 and is expected to grow at 11% for four years. After the first four years, the growth
The current dividend of LoYo Company is $2.35 and is expected to grow at 11% for four years. After the first four years, the growth rate of the dividends expects to grow at a constant 5.5% into the future. If the cost of equity is 9.2%, what is the value of LoYo Companys stock in Year 4? If the current stock price of the company is $85, does the stock overvalued or undervalued
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