A dividend was issued of 375 per share expected growth of


A dividend was issued of $3.75 per share. Expected growth of 20% for next 5 years. after that the growth rate is expected to be 6% forever. If investors require a return of 8% for investing in the stock of companies of similar risk, what is the value of the stock?

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Financial Management: A dividend was issued of 375 per share expected growth of
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