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White Owl Inc. just paid a dividend of $3/ share. An investor estimates that dividends will grow at 7% per year for the next two
White Owl Inc. just paid a dividend of $3/ share. An investor estimates that dividends will grow at 7% per year for the next two years and then grow at an annual rate of 5% to infinity. Determine the market price of this company's common shares if the required rate of return is 12.32% The market price of this company's common shares is $ Note: Please retain at least 4 decimal places in your calculations and 2 decimal places in the final
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