How much would you pay for a share of this stock today

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Question - Capitalizing on the latest burger craze, mmmBurger has experienced very rapid growth in sales. The company expects the dividend payment to grow by 10% for the next 2 years and then to level off to a constant 4% growth rate forever. If investors require a 12% return and the most recent dividend was $1.00, how much would you pay for a share of this stock today?

Reference no: EM132958351

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