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You expect your firm to experience a period of rapid growth of 12% per year for two years and then slow to a constant growth
You expect your firm to experience a period of rapid growth of 12% per year for two years and then slow to a constant growth of 6% per year. The most recent annual dividend paid by your firm was $1. The market's required rate of return on your common equity is 9%. What is today's value of your firm's common stock?
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