A stock just paid a dividend of 100 it is expected to grow


A stock just paid a dividend of $1.00. It is expected to grow by 20% for 3 years, and then grow at a sustainable rate of 5% per year thereafter. If the discount rate is 10%, determine what the price of the stock should be today. (show work)

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Financial Management: A stock just paid a dividend of 100 it is expected to grow
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