XY is a new firm in a rapidly growing industry. The company is planning on...
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XY is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 0.13 a year for the next 3 years and then decreasing the growth rate to 0.045 per year. The company just paid its annual dividend in the amount of 1 per share. What is the current value of one share of this stock if the required rate of return is 0.2"
what is the price of the stock
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