Discount rate is appropriate for stock-what is its value

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Leanna Inc. recently paid a dividend of $3.00 per share. The dividend is expected to increase at a 30 percent rate for the next 3 years. Afterwards, a more stable 14 percent growth rate can be assumed. If a 18 percent discount rate is appropriate for this stock, what is its value (P0)?

Reference no: EM131523350

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