What is value of the stock

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Reference no: EM132062161

Winters Hi-Hook Inc., a golf club manufacturer, is currently paying dividends of $.50 per share. These dividends are expected to grow at a 20 per cent rate for the next two years and at a three per cent rate thereafter (forever). What is the value of the stock if the appropriate discount rate is 14 per cent?

Reference no: EM132062161

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