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urning point company is looking to value its share price under 2 circumstances. Under the normal circumstance investors have a required rate of return of

urning point company is looking to value its share price under 2 circumstances. Under the normal circumstance investors have a required rate of return of 14%, the company paid a dividend just now of 2.50 and is expected to have normal growth of 11% per year. Under the rapid growth circumstance the company will grow at 20% for 4 years, then move immediately to a normal growth of 10% per year into perpetuity. Rate of return remains at 14%. What is the value of the stock of turning point under both circumstances

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