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CAB Company currently pays a dividend of $1.75 per share, D0=1.75. It is estimated that...

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Finance

CAB Company currently pays a dividend of $1.75 per share, D0=1.75. It is estimated that the companys dividend will grow at a rate of 25 percent per year

for the next 2 years, then the dividend will grow at a constant rate of 6 percent thereafter. The market rate of return is 10 percent. What would you estimate is the stocks current price?

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