There is a stock that just paid a dividend of 550 per share, Financial Management

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There is a stock that just paid a dividend of 550 per share

There is a stock that just paid a dividend of $5.50 per share. The dividend is expected to grow at a rate of 30% per year for 5 years, and then grow at a rate of 5% per year thereafter. If the required rate of return for the stock is 16%, what is the estimated price of the stock TODAY?

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Financial Management: There is a stock that just paid a dividend of 550 per share

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Financial Management: There is a stock that just paid a dividend of 550 per share

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