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Business, 11.07.2019 23:20 brandiyocham

Computech corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. however, investors expect computech to begin paying dividends, beginning with a dividend of $0.75 coming 3 years from today. the dividend should grow rapidly-at a rate of 49% per year-during years 4 and 5; but after year 5, growth should be a constant 5% per year. if the required return on computech is 18%, what is the value of the stock today? do not round intermediate calculations. round your answer to the nearest cent.

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Computech corporation is expanding rapidly and currently needs to retain all of its earnings; hence...
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