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The forecasted dividend per share in 2019 (it is 2011 in the case) is $1.21. If the dividend per share is expected to grow by
The forecasted dividend per share in 2019 (it is 2011 in the case) is $1.21. If the dividend per share is expected to grow by 6% each year over the period 2020 to 2024, and stabilizes to 3% each year forever, determine the following:
C) What is the estimated market value of equity?
discount rate = 12%
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