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FIN-311 (1207-11813) PRINCIPLES OF FINANCE

21/10/2020 Client: m166 Deadline: 10 Days

 


Ackert Company's last dividend was $3.14. The dividend growth rate is expected to be constant at 16% for 2 years, after which dividends are expected to grow at a rate of 6.9% forever. The firm's required return (r s) is 11.0%. What is the best estimate of the current stock price?

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