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Your company will pay a dividend of $3.00 next year and then have it grow annually at 13.50% for the following 3 years before growing
Your company will pay a dividend of $3.00 next year and then have it grow annually at 13.50% for the following 3 years before growing at 2% indefinitely thereafter. The equity has a required return of 8.25%. What is the price of the stock today? $59.25 $60.85 $62.45 $64.05 $65.65
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