3. A company's most recent dividend was $1.75 per share. Financial managers with the firm...
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3. A company's most recent dividend was $1.75 per share. Financial managers with the firm expects that the dividend will grow at a rate of 12% for the next 5 years, levelling off to a perpetual growth rate of 3% thereafter. If the required return is 8%, what should the current stock price be
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