Stock DEF just paid a $2 dividend yesterday. The dividend is expected to grow at...
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Stock DEF just paid a $2 dividend yesterday. The dividend is expected to grow at a rate of 25% for the next four years when the required return on the stock will be 15%. In year five and thereafter the expected dividend growth rate will be 5% and the required return on the stock will be 10%.
Whats the valuation of stock DEF?
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