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Calculate the value of the stock today

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Question - Sumaheda Inc. is experiencing a period of rapid growth. Earnings and dividends are expected to grow at a rate of 15% during the next 2 years, at 13% in the third year, and at a constant rate of 6% thereafter. Sumaheda's last dividend was $1.15, and the required rate of return on the stock is 12%. Calculate the value of the stock today.

Reference no: EM132986861

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