Expects non normal dividend growth over the next three years
Course:- Financial Management
Reference No.:- EM13942933

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Louis incorporated expects non normal dividend growth over the next three years; that is a 10% growth rate in the first year, then 20%, and then 25% followed by growth of 5% thereafter. If the last dividend paid was $.25 and the appropriate discount rate is 12%; what is the price of the stock today?

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