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Triple A Hotels expects a growth rate of 7% in the next two years, and a 8% constant years in the years thereafter. The dividend
Triple A Hotels expects a growth rate of 7% in the next two years, and a 8% constant years in the years thereafter. The dividend to be paid in one year (d1) amounts to $2.75. Investors require a 12% rate of return. Based on the available information, the present value of the common stock is equal to
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