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QUESTION
A company's required rate of return is 4%. It is expected to have zero growth first 2 year, growth rate at 5% for next 1 year, and growth rate at 2%...
A company’s required rate of return is 4%. It is expected to have zero growth first 2 year, growth rate at 5% for next 1 year, and growth rate at 2% thereafter. What would be the price of its share today if the dividend today is $10.00?
