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Greshak Corp. recently paid a dividend of $2.50 per share. Equity analysis expected Greshak's dividend to grow by 30.0% this year, by 15.0% in Year...
Greshak Corp. recently paid a dividend of $2.50 per share. Equity analysis expected Greshak's dividend to grow by 30.0% this year, by 15.0% in Year 2, and at a constant rate of 3.0% in Year 3 and thereafter. The required return on this stock is 13.0%. What is the best estimate of the current market value of Greshak's stock?