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The Highfield Company is going through a five-year of fast growth at 20% initially, and then it will grow at a perpetual rate of 4%.
The Highfield Company is going through a five-year of fast growth at 20% initially, and then it will grow at a perpetual rate of 4%. The required rate of return is 10% and it just paid a dividend of $2. What is the stock price in Year 5?
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86.26
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66.64
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52.5
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43.88
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