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The last dividend (Div0) paid by Mummeball Co. was $3. Mummeball's growth rate is expected to be a constant 14% for 2 years, after which dividends...

The last dividend (Div0) paid by Mummeball Co. was $3. Mummeball's growth rate is expected to be a constant 14% for 2 years, after which dividends are expected to grow at a rate of 6% forever. If the required rate of return on this stock (ks) is 12%, what is the current price of Mummeball's common stock?

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the market price... View the full answer

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61.07 rounded... View the full answer

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