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The Sunny Beach Company just paid a dividend of $2.75 to its common stockholders. Next year, it is going to pay a dividend of $2.86
The Sunny Beach Company just paid a dividend of $2.75 to its common stockholders. Next year, it is going to pay a dividend of $2.86 a share. Analysts estimate that its discount rate is 10.7%. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth five years from now? (note I want the price in 5 years, not the price today)
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