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a dividend of $12 per share next year and after that Happy Valley Corporation is expected to pay the dividends will grow for 5% per year every year forever. a) If the required rate of return is 10%, what is the current stock price? b) What is its dividend yield? c) What will be the stock price next year? d) Suppose starting next year the dividends will grow at 15% per year f growth rate will decline to 4% per year. What should be the current st ock price?
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