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You are considering investing in BrightFuture Inc., a company that is expected to grow rapidly over the next few years. Currently, the company pays a
You are considering investing in BrightFuture Inc., a company that is expected to grow rapidly over the next few years. Currently, the company pays a dividend of $ per share. This dividend is expected to grow at per year for the next three years. After that, the growth rate is expected to stabilize at per year indefinitely. The required rate of return for BrightFuture Inc. is What is the current value of BrightFuture Inc.s stock?
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