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The Duo Growth Company just paid a dividend of $1 per share. The dividend is expected to grow at a rate of 25% per year
The Duo Growth Company just paid a dividend of $1 per share. The dividend is expected to grow at a rate of 25% per year for the next three years and then to level off to 5% per year forever. You estimated that the required rate of return on the stock would be 15%. What is your estimate of the intrinsic value of a share of the stock today?
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