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YY corporation expects to pay a dividend of $1.25 on its common stock in the coming year. The dividends of YY are expected to grow
YY corporation expects to pay a dividend of $1.25 on its common stock in the coming year. The dividends of YY are expected to grow at 5% per year indefinitely. If the risk-free rate is 3.5%; market risk premium is 7.25%, and the beat of YY is 1.05, estimate the value of YY stock 2 years from now.
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