A rapidly growing company just paid a dividend of $1.50 a share.
For the next three...
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Finance
A rapidly growing company just paid a dividend of $1.50 a share.For the next three years, the earnings growth rate is projected tobe 15% each year, and then 4% each year thereafter. If the requiredrate of return is 9%, what is the value of the stock?
A)$35.15
B)$38.63
C)$43.88
D)$41.65
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Solution The value of the stock 4165Thus the solution is Option D
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