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PrimantiBrothers' last dividend was $1. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to...

PrimantiBrothers' last dividend was $1.5. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 5% forever. If the firm's required return (rs) is 10%, what is its current (expected) stock price?

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1.5(1.15)/(1.10)+1.5(1.15)^2/(1.10)^2+... View the full answer

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