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The Ramirez Company's last dividend was $1.80. Its dividend growth rate is expected to be constant at 34% for 2 years, after which dividends
The Ramirez Company's last dividend was $1.80. Its dividend growth rate is expected to be constant at 34% for 2 years, after which dividends are expected to grow at a rate of 7% forever. Its required return (rs) is 12%. What is the best estimate of the current stock price? Do not round intermediate calculations. Oa. $61.67 b. $53.96 $59.87 d. 566.80 e. $62.33
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
