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Fresno Corp. is a fast-growing company whose management that expects it to grow at a rate

Fresno Corp. is a fast-growing company whose management that expects it to grow at a rate of 30 percent over the next two years and then to slow to a growth rate of 18 percent for the following three years. If the last dividend paid by the company was $2.15, estimate the dividends for the next five years. Compute the present value of these dividends if the required rate of return is 14 percent.

Dec 04 2019 View more View Less

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