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Verizon Enterprizes is a fast - growing companyDividends are expected to grow at a rate of 2 0 percent for the next three years, with

Verizon Enterprizes is a fast-growing companyDividends are expected to grow at a rate of 20 percent for the next three years, with the constant 5 percent thereafterIf the required return is 11 percentand the company just paid a dividend of $3.10(NOTE: $310 is Dividend the current intrinsic value (price) of Verizon's stock? (To receive partial credit, write out all of your computationsincluding: The presen years of dividends. The present value (in year 3) of all dividends starting in year 4. Finallythe combined overall present value of all the Future dividends.)

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