A stock currently pays a dividend of $2.50 for the year. Expected dividend growth is 15% for the next three years and then growth is expected to revert to 7% thereafter for an indefinite amount of time. The appropriate required rate of return is 9%. What is this stock’s intrinsic value?
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A stock currently pays a dividend of $2.50 for the year. Expected dividend growth is 15% for the next three years and then growth is expected to revert to 7% thereafter for an indefinite amount of time. The appropriate required
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