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The economy has been in a recession, but seems to be recovering. Ebeling Inc.'s stock just paid a dividend of $3.6.The company's dividend is expected
The economy has been in a recession, but seems to be recovering. Ebeling Inc.'s stock just paid a dividend of $3.6.The company's dividend is expected to grow at a rate of -0.01 this year, 0.02, next year, and 0.07 for every year after that. IfEbeling has a required rate of return of 0.20, what is the current value of Ebeling's the stock?
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