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The Rapid Growth Company is expected to pay a dividend of $1.00 at the end...

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The Rapid Growth Company is expected to pay a dividend of $1.00 at the end of this year. Thereafter, the dividends are expected to grow at the rate of 20% per year for 2 years, and then drop to 15% for 2 year, before settling at the industry average growth rate of 3% indefinitely If you require a retum of 10% to invest in a stock of this risk level, how much would you be justified in paying for this stock

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