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  3. suppose that the firm recently paid a dividend $3.

Suppose that the firm recently paid a dividend $3.25. It expects to have nonconstant growth...

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Finance

Suppose that the firm recently paid a dividend $3.25. It expects to have nonconstant growth of 10% for 3 years and then a constant rate of 6% thereafter. The firms required return is 9%.

The firms horizon, or continuing, value is and its intrinsic value today is

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