Crm inc went public one year ago the company is still in


CRM, Inc. went public one year ago. The company is still in the growth stage, and is expecting supernormal growth of 40% for the next two years before achieving a long-run growth rate of 6%. The stock just paid a dividend of $5.00. If investors’ required rate of return is 10%, what is the stock price?

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Financial Management: Crm inc went public one year ago the company is still in
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