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Ivanhoe Corp. is a fast-growing company whose management expects it to grow at a rate of 23 percent over the next two years and then
Ivanhoe Corp. is a fast-growing company whose management expects it to grow at a rate of 23 percent over the next two years and then to slow to a growth rate of 15 percent for the following three years. If the last dividend paid by the company was $2.15.
What is the dividend each of the first 5 years?
Compute the present value of these dividends if the required rate of return is 14 percent.
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