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Using DDM Three-stage model, compute for the value of the stock based on the following assumptions:
Required Rate of Return on Equity:10.00%
Current Dividend : $1.50
Growth Rates:
High Growth Phase (2 years) : 11.00%
Transition Phase (5 years) : 10.00%
Stable Growth Phase (thereafter): 9.00%
dont need too much detail for solution. Please make sure final answer is correct. Thank you
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