Question: Please explain in detail so I can understand the material. Thank you. 2. The XX Corporation just paid a dividend of $1.37M. The company is

Please explain in detail so I can understand the material. Thank you.

2. The XX Corporation just paid a dividend of $1.37M. The company is expected to grow at 10% for the foreseeable future, and hence most analysts project a similar growth in dividends. Suppose that the discount rate used for this type of company is 15%. What is the value of a share of stock in the XX Corporation

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