Crane Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four...
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Crane Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 8 percent. If the required rate of return is 22.50 percent, what is the current value of the stock?
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