Assume that a publicity traded company is expected to experience supernormal dividend growth of 35%...
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Accounting
Assume that a publicity traded company is expected to experience supernormal dividend growth of 35% for the next three years, then to return to its long -run constant growth rate of 6%. What is the stock's present value under these conditions?
Use the $3 dividend to begin calculations. The required rate of return is 12%. Show all work. Step by step
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