What is ccc stock worth today

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Problem 1: Conroy Consulting Corporation (CCC) has been growing at a rate of 32.0% per year in recent years. This same nonconstant growth rate is expected to last for another 5 years. If D0 = $3.20, rs = 13.0%, and gL (long-term constant growth after year 5) = 3.0%, then what is CCC's stock worth today (P0)?

Option 1: $25.00
Option 2: $97.82
Option 3: $156.72
Option 4: $55.79
Option 5: $57.62

Reference no: EM132763080

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