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QUESTION
The stock of Supergro Inc. is expected to grow at an annual rate of 28% for the next 2 years, after which growth will return to the normal constant...
- The stock of Supergro Inc. is expected to grow at an annual rate of 28% for the next 2 years, after which growth will return to the normal constant growth rate of 8%. If the last dividend paid (that is, D0) was $2.00 and the required rate of return on stocks of this risk class is 16%, what is the price of the stock today?
