Question: Consider the two-period model. Assume the same information as Problem 2, except that after 10 years, growth would change to 5%. What is the implied

Consider the two-period model. Assume the same information as Problem 2, except that after 10 years, growth would change to 5%. What is the implied price?
In Problem 2
Assume the next period's is $1, that stockholders require a 12% return, that new investment is expected to yield 14%, and that the retention rate is 50%.

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