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What is the current value of a share of common stock if its current dividend (D 0 ) is $1.50 and dividends are expected to
What is the current value of a share of common stock if its current dividend (D0) is $1.50 and dividends are expected to grow at an annual rate of 20 percent for the next 5 years? Assume the investor has a required rate of return of 15 percent and expects to sell the security in 5 years for $72. (Please show the steps)
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