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Business, 02.11.2020 17:00 annetteaudc

A stock expects to pay a dividend of $4.32 per share next year. The dividend is expected to grow at 25 percent per year for three years followed by a constant dividend growth rate of 4 percent per year in perpetuity. What is the expected stock price per share 5 years from today, if the required return is 12 percent

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A stock expects to pay a dividend of $4.32 per share next year. The dividend is expected to grow at...

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