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Suppose that sales and profits of Oly Enterprises are growing at a rate of 30%...

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Finance

Suppose that sales and profits of Oly Enterprises are growing at a rate of 30% per year. At the end of two years the growth rate will drop to 8%, after which, that is at the end of year 3 10 z steady 4% growth rate. The last dividend paid was $2. If the required return is 14%, what is the value of a share of stock? Assume dividends grow at the same rate as earnings

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