Grow On , Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a
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Question:
Grow On Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $ You believe that dividends will grow at a rate of per year for two years, and then at a rate of per year thereafter. You expect the stock will sell for $ in two years. You expect an annual rate of return of on this investment. If you plan to sell the stock in two years, what is the most you would pay for the stock now?
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$
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