Suppose a stock just paid a dividend of 3 and is expected, Financial Management

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Suppose a stock just paid a dividend of 3 and is expected

Suppose a stock just paid a dividend of $3 and is expected to grow at a rate of 20% per year for the next two years before falling to a constant growth rate of 6%. If the required return on the stock is 14%, then what should the stock price be today?

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Financial Management: Suppose a stock just paid a dividend of 3 and is expected

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Financial Management: Suppose a stock just paid a dividend of 3 and is expected

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