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NONCONSTANT GROWTH STOCK VALUATION Melbourne enterprise recently paid a dividend of $1. It expects to have nonconstant growth of 18% for 2 years...

NONCONSTANT GROWTH STOCK VALUATION
Melbourne enterprise recently paid a dividend of $1.50. It expects to have nonconstant growth of 18% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 12%
a. How far is the terminal, or horizon date?
b. What is the firm's horizon, or terminal value?
c. What is the firm's intrinsic today?

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