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Question 4 5 pts The Seashore Seashells Company is growing rapidly. To pay for the growth, the company is retaining all of its earnings for 5 years. In year 6, the company expects to pay $1.35 per share in dividends. The dividend is expected to grow by 18% for the next 2 years, 12% for another year, and settle at a long-term growth rate of 6% after that. If the company has a required return of 11%, what is the expected price of the stock todayStep by Step Solution
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