Lemga Inc. has been growing at a rate of 14.1 percent per year, and you...
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Lemga Inc. has been growing at a rate of 14.1 percent per year, and you expect this growth rate in earnings and dividends to continue for another 3 years. The last dividend paid was $1.1. If the discount rate is 14.9% and the steady growth rate after 3 years is 3.4%, what should the stock price be today?
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