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You need to write down all necessary steps/formulas leading to your results in EXCEL FORMAT: Nachman...

You need to write down all necessary steps/formulas leading to your results in EXCEL FORMAT:

Nachman Industries just paid a dividend of D0 = $1.42. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 4% in Year 3 and thereafter. The required return on this stock is 8.00%. What is the best estimate of the stock’s current market value?

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Growth Required Return. 4.00% 8.00% Present Value 0.9259 $ 1.70926 0.8573 $ 1.74091 D1 D2 Pv Factor 1.846 2.0306 2.111824 52.

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