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What is the current stock price for a firm that is expected to have growth of 25% for four years, after which it will face
What is the current stock price for a firm that is expected to have growth of 25% for four years, after which it will face more competition and slip into a constant growth rate of 5% forever. Its required return is 14% and next years dividend (D1) is expected to be $5.00.
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