What is the value of foggy stock to an investor

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The earnings of Foggy Futures Weather Forecasting Company are expected to grow at an annual rate of 14% over the next 5 years and then slow to a constant rate of 10% per year. Foggy currently pays a dividend of $0.36 per share. What is the value of Foggy''s stock to an investor who requires a 16% rate of return?

Reference no: EM13343340

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