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Business, 10.03.2020 06:01 russbeast6584

Cougar Auto is expecting its earnings and dividends to grow at a rate of 19% over the next 5 years. After the period, the firm is expecting to grow at the industry average of 5% indefinitely. If the firm recently paid a dividend of $1.25, and the required rate of return is 12%, what is the most you should pay for this company's stock

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Cougar Auto is expecting its earnings and dividends to grow at a rate of 19% over the next 5 years....

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