17. What comes closest to the value today of a stock that just paid a...
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What comes closest to the value today of a stock that just paid a dividend of $ and expects to grow that dividend by per year in year and year and then grow but will then see the growth in dividends fall to in the third year and will continue to grow at that lower rate each year thereafter forever. Using a required rate of return of provide an estimate of the price of the stock. $ $ $ $ $
What comes closest to the value today of a stock that just paid a dividend of $
and expects to grow that dividend by per year in year and year and then grow but will then see the growth in dividends fall to in the third year and will continue to grow at that lower rate each year thereafter forever. Using a required rate of return of provide an estimate of the price of the stock.
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