Problem $7-24($Nonconstant Dividend Growth Valuation$)$

Question $10$ of $10$

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Nonconstant Dividend Growth Valuation

Conroy Consulting Corporation $($CCC$)$ has a current dividend of $D_0=$$$1\mathrm{.}90.$ Shareholders require an $11\%$ rate of return. Although the dividend has been growing at a rate of $28\%$ per year in recent years, this growth rate is expected to last only for another $2$ years