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You've collected the following information from your favorite financial website. According to your research the growth rate in dividends for SIR for the next five

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You've collected the following information from your favorite financial website. According to your research the growth rate in dividends for SIR for the next five years is expected to be 20 5 percent. Suppose SIR meets this growth rate in dividends for the next five years and then the dividend growth rate falls to 5 5 percent indefinitely. Assume investors require a return of 12 percent on SIR stock. According to the dividend growth model, what should the stock price be today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Based on these assumptions is the stock currently overvalued undervalued or correctly valued

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