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Could I Industries just paid a dividend of $1.10 per share. The dividends are expected to...

Could I Industries just paid a dividend of $1.10 per share. The dividends are expected to grow at a rate of 19 percent for the next six years and then level off to a growth rate of 6 percent indefinitely. If the required return is 14 percent, what is the value of the stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places.

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jeff jeffy answered 2 years ago
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