Fast-growing firm recently paid dividend

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Reference no: EM13876298

A fast-growing firm recently paid a dividend of $0.60 per share. The dividend is expected to increase at a 20 percent rate for the next four years. Afterwards, a more stable 12 percent growth rate can be assumed. If a 13.5 percent discount rate is appropriate for this stock, what is its value?

Reference no: EM13876298

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