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Yantz, Inc. is expected to grow rapidly at a rate of 20% for the next five years. The company's first dividend, to be paid three
Yantz, Inc. is expected to grow rapidly at a rate of 20% for the next five years. The company's first dividend, to be paid three years from now, will be $3. After five years, the dividend is expected to grow at a constant rate of 3% forever. What is the value of the Yantz stock with a required rate of return of 12%? O $34.93 O $32.48 O $49.44 $53.76 2
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