What is the fundamental value in the given year

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Question: Suppose in 2022 you estimated that company X's 2023 and 2024 dividend per share will be 0.360 and 0.457, respectively. Beginning from 2025, X's dividend growth rate will be 16.1%. Using the two-stage dividend discount model (DDM), what is the fundamental value in year 2022? The discount rate for X's cash flows is 20%.

Reference no: EM132757305

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