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What is the value of the stock today

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Reference no: EM131863310

Could I Industries just paid a dividend of $1.97 per share. The dividends are expected to grow at a rate of 18 percent for the next three years and then level off to a growth rate of 7 percent indefinitely. If the required return is 13 percent, what is the value of the stock today?

Reference no: EM131863310

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