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You are considering the purchase of shares of Titania. But you do not know what the fair price would be . So you use the
You are considering the purchase of shares of Titania. But you do not know what the fair price would be So you use the dividend discount model knowing that you will receive a dividend of $ per share one year from now and you expect that dividend to grow at for an additnal eight years years through the th dividend payment; and then be flat in Year and thereafter. Your assumed discount rate is
What is each share of Titania worth today?
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