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Business, 05.04.2021 23:40 errr5529

Kenobi Corporation is expanding rapidly and currently needs to retain all of its earnings. Hence, it does not pay dividends. However, investors expect Kenobi to begin paying dividends, beginning with a dividend of $0.50 coming 2 years from today. The dividend should grow rapidly as a rate of 35% per year during years 3 and 4 but after year 4, growth should be constant 7% per year. In what year does the horizon value belong

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