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The Ramirez Company's last dividend was $1.10. Its dividend growth rate is expected to be constant at 29% for 2 years, after which dividends are
The Ramirez Company's last dividend was $1.10. Its dividend growth rate is expected to be constant at 29% for 2 years, after which dividends are expected to grow at a rate of 4% forever. Its required return (r.) is 12%. What is the best estimate of the current stock price? Do not round intermediate calculations. Oa. $22.80 O b. $19.66 Oc. $21.70 Od. $24.15 e. $23.05
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