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Business, 26.11.2019 07:31 lindseybug

:management of procor, a biotech firm, forecasted the following growth rates for the next three years: 35 percent, 28 percent, and 22 percent. management then expects the company to grow at a constant rate of 9 percent forever. the company paid a dividend of $1.75 last week. if the required rate of return is 20 percent, what is the value of this stock?

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