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Hank’s Barbecue just paid a dividend of $2.05 per share. The dividends are expected to grow...

  1. Hank’s Barbecue just paid a dividend of $2.05 per share. The dividends are expected to grow at a 14.5 percent rate for the next five years and then level off to a 9.5 percent growth rate indefinitely. If the required return is 12.5 percent, what is the value of the stock today? What if the required return is 17.5 percent?

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jeff jeffy answered 2 years ago
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