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Could I Industries just paid a dividend of $1.05 per share. The dividends are expected to grow at a rate of 20 percent...

Could I Industries just paid a dividend of $1.05 per share. The dividends are expected to grow at a rate of 20 percent for the next six years and then level off to a growth rate of 5 percent indefinitely. If the required return is 13 percent, what is the value of the stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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So ution (.S12 6 = 1.os x Ct.20)へ6 ワ Value

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