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Business, 05.03.2020 22:35 luclaymom805

You are valuing a stock of a high growth firm. The firm just paid a dividend of $1.30 per share. The dividend is expected to grow at the rate of 21%, 18% and 13% respectively next three years. After the three year period, the dividends are going to grow at a constant rate of 5% for the foreseeable future. If the required rate of return is 8%, what is the value of this stock

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