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Assume that a stock just paid a dividend of $2.05. You believe that for the next...

Assume that a stock just paid a dividend of $2.05. You believe that for the next three years the growth rate will be 8%. After that you believe the company’s growth will slow to a long-run growth rate of 3%. The required return on the firm’s equity is 9%. What is your estimated value of the stock?

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Please upvote if the answer is helpful.In case of doubt,do comment.Thanks

jeff jeffy answered 1 year ago
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