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Homework answers / question archive / Growing, Inc
Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $4.20. You believe that dividends will grow at a rate of 20.0% per year for years one and two, 12.0% per year for years three and four, and then at a rate of 6.0% per year thereafter. If you expect an annual rate of return of 14.0% on this investment, what is the most you would pay for the stock now?
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