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Triton Inc. is expected to grow at a rate of 22 percent for the next 5 years and then settle to a constant growth rate
Triton Inc. is expected to grow at a rate of 22 percent for the next 5 years and then settle to a constant growth rate of 6 percent. The company recently paid a dividend of $2.35. The required rate of return is 15 percent. a. Find the present value of the dividends during the rapid growth period if dividends grow at the same rate as the company
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