Question: Question 7 (of 12) value 8.34 points Problem 8-33 Variable Growth (LG8-6) A fast-growing firm recently paid a dividend of $0.30 per share. The dividend

Question 7 (of 12) value 8.34 points Problem 8-33 Variable Growth (LG8-6) A fast-growing firm recently paid a dividend of $0.30 per share. The dividend is expected to increase at a 30 percent rate for the next three years Afterwards, a more stable 13 percent growth rate can be assumed If a 14 percent discount rate is appropriate for this stock, what is its value today? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Stock value Hints Reterences eBook & Resources Type here to search ma 3 4 5 6 8

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