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SAT, 22.12.2021 06:30 Alysssssssssssa

Nachman industries just paid a dividend of d0 = $1. 32. Analysts expect the company's dividend to grow by 30% this year, by 10% in year 2, and at a constant rate of 5% in year 3 and thereafter. The required return on this low-risk stock is 9. 0%. What is the best estimate of the stock’s current market value?.

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