The dividend is expected to grow at 18 for the next 2 years


Houston Industrial Inc. just paid a dividend of $1.30. The dividend is expected to grow at 18% for the next 2 years, and then at a rate of 4% indefinitely. If your required rate of return is 13%, what is the value of the stock today?

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Financial Management: The dividend is expected to grow at 18 for the next 2 years
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