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Wildhorse corporation will pay dividends of five dollars, $6.25, $4.75, and three dollars in the next four years. There after, management expects the dividend growth
Wildhorse corporation will pay dividends of five dollars, $6.25, $4.75, and three dollars in the next four years. There after, management expects the dividend growth rate to be constant at 7%. If the required rate of return is 17.90%, what is the current value of the stock?
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