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It will then grow at a normal constant rate of 4 for the

The TNC News Co. paid the last dividend (D0) of $2/share, and the dividend is expected to grow at a rate of 20% over the next 3 years. It will then grow at a normal, constant rate of 4% for the future. The rate of return is 15%. What should the stock price be today?

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Finance Basics: It will then grow at a normal constant rate of 4 for the

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