The BY Grill just paid an annual dividend of $5.03 per share and its dividend payments are expected to grow at 21 percen

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answerhappygod
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The BY Grill just paid an annual dividend of $5.03 per share and its dividend payments are expected to grow at 21 percen

Post by answerhappygod »

The BY Grill just paid an annual dividend of $5.03 per
share and its dividend payments are expected to grow at 21
percent for the next three years. After that, the firm expects to
maintain a constant dividend growth rate of 4 percent per
year. What is the value of this stock today if the required return
is 24 percent?
Answer format:
two decimals, round up
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