Question: Question 19 (4 points) Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $7.10. You believe that

 Question 19 (4 points) Growing, Inc. is a firm that is

Question 19 (4 points) Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $7.10. You believe that dividends will grow at a rate of 14.0% per year for two years, and then at a rate of 10.0% per year thereafter. You expect the stock will sell for $33.83 in two years. You expect an annual rate of return of 25.0% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now

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