Question: Question 19 3 pts Peet's Coffee's is expected to pay a dividend of $3.50 next year. The dividend growth rate is expected to be constant

Question 19 3 pts Peet's Coffee's is expected to pay a

Question 19 3 pts Peet's Coffee's is expected to pay a dividend of $3.50 next year. The dividend growth rate is expected to be constant at 15.1% for 3 years, after which dividends are expected to grow at a rate of 6.7% forever. The firm's required return (r) is 9.5%. What is the best estimate of the current stock price? $176 $218 $145 o $167

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