please use excel and show formulas in cells 13. A firm is...
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please use excel and show formulas in cells
13. A firm is currently experiencing troublesome times. The last dividend for its common stock was $2, but this is expected to decline at a rate of 5% per year. If the discount rate for the stock is 10%, what is the fair stock price? 14. Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 10 percent, and the company just paid a dividend of $1.00, what is the current share price
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