Dividend is expected to grow and constant rate

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McIntyre's Moats, Inc. most recent dividend was $2.00. Its dividend is expected to grow by 25% per year for the next two years, and then grow at a constant rate of 5% per year. If you require a 15% rate of return how much would you pay for a share of McIntyre's stock today?

Reference no: EM13976161

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