Solve the price of chico company stock today

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Question 1: Solve the price of Chico Company's stock today, if after one year if will have a dividend of $1.68 and then grow at a rate of 11% to a second dividend at t = 2. Thereafter, the growth in dividends slows to 5% per year. Investors think that an appropriate discount rate to use for cash flows for this firm is 7%.

Reference no: EM133000971

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