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Tips ra FREE 7. Unlimited Limited Assume that the average firm in CS Corporation's industry is expected to grow at a constant rate of 6%

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Tips ra FREE 7. Unlimited Limited Assume that the average firm in CS Corporation's industry is expected to grow at a constant rate of 6% and that its dividend yield is 7C is about as risky as the average firm in the industry and just paid a dividend (De) of $1.5. Analysts expect that the growth rate of dividends will be 50% during the first year (0,1 - 50%) and 30% during the second year (0.2 - 30%). After Year 2. dividend growth will be constant. What is the required rate of return on CT's stock what is the estimated intrinsic price per share? Do not found intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number Fo: 5

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