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Asked by Yamakawa
Assume that the last paid dividend was $4.00. The dividend is...
Assume that the last paid dividend was $4.00. The dividend is expected to increase at 20% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rs) is 10%. What is the best estimate of the current stock price?
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Answered by Scopion.
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