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QUESTION
Huang Company's last dividend was $1. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to...
Huang Company's last dividend was $1.25. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price?a.
