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  3. the p. born company's last dividend was $1.50. the

The P. Born Company's last dividend was $1.50. The dividend growth rate is expected to...

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Accounting

The P. Born Company's last dividend was $1.50. The dividend growth rate is expected to be constant at 20% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If Born's required return (rs) is 13%, what is the company's current stock price?

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