Find most to pay for the stock at given annual rate


The firm paid the dividend o $7.50 yesterday. Dividend will grow at the rate of 24.0% per year for two years and then the rate of % per year thereafter. The annual rate of 18.0% is expected on investment. If you hold onto stock indefinitely, find most you would pay for the stock now?

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Mathematics: Find most to pay for the stock at given annual rate
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