Mathematics Homework Help
Mathematics Homework Help. Need math help: what is the stock price?
CRM, Inc. went public one year ago. The company is still in the growth stage, and is expecting supernormal growth of 40% for the next two years before achieving a long-run growth rate of 6%. The stock just paid a dividend of $5.00. If investors’ required rate of return is 10%, what is the stock price?
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