What is the value of celec stock

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Celec's common stock paid a dividend of $2.75 in the year just ended. If you estimate that Celec's dividend will grow at a rate of 15% in the coming year, 12% in year two, 8% in year 3, and at a rate of 6% annually thereafter, what is the value of Celec's stock given a required rate of return of 12 percent?

Reference no: EM132420121

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