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What is the present value of the following dividend stream? Initial dividend = 2.00 Growth rate = 20% for years 1-3, and then 5% after
What is the present value of the following dividend stream? Initial dividend = 2.00 Growth rate = 20% for years 1-3, and then 5% after that Discount rate = 12% a. $38.80 b. $42.44 c. $34.21 d. $43.80 e. $31.35
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