Assume required rate of return-what is the market price

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NO EXCEL, ONLY FORMULAS. We have a common stock which has a dividend which grows at 100%for the first 1 year and 50% for the next 1 year. After that it rises more reasonably at 2% per year indefinitely. If the dividend at the inception is $5, what is the market price? Assume required rate of return is 10%.

Reference no: EM131591536

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