Growth rate indefinitely, Could I Industries just paid a

Growth rate indefinitely

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Reference no: EM131020042

Could I Industries just paid a dividend of $1.30 per share. The dividends are expected to grow at a 15 percent rate for the next 5 years and then level off to a 6 percent growth rate indefinitely. If the required return is 12 percent, what is the value of the stock today? Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM131020042

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