Question: 3. Suppose Yankees win World Series and start experiencing supernormal growth of 50% per year, which is expected to drop to 2% after three years

3. Suppose Yankees win World Series and start experiencing supernormal growth of 50% per year, which is expected to drop to 2% after three years and continue at this rate indefinitely. What should the price of the organization's stock be today under these new conditions if the market required rate of return is 26% and if the dividend that it has paid this year has been unexpectedly increased to $2? (8 points)

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