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Business, 28.11.2019 21:31 Studyhard3332

Management of sunland, a biotech firm, forecasted the following growth rates for the next three years: 35 percent, 28 percent, and 22 percent. management then expects the company to grow at a constant rate of 9 percent forever. the company paid a dividend of $1.70 last week. if the required rate of return is 16 percent, what is the value of this stock?

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Management of sunland, a biotech firm, forecasted the following growth rates for the next three year...
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