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The most recently paid dividend by Bridges & Associates was $0.625 per share. Its dividend is expected to grow at 20%, 25% and 35% per
The most recently paid dividend by Bridges & Associates was $0.625 per share. Its dividend is expected to grow at 20%, 25% and 35% per year in the following 3 years. After 3 years, dividend growth will slow down to a constant rate of 6% a year. The required rate of return on the stock of Bridges & Associates is 10%. What is the stock intrinsic value as of today?
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