Question: Suppose Pfizer's current dividend per share is $1. Analysts expect dividend growth in the next 3 years to be g=1% the first year, then g=2%
Suppose Pfizer's current dividend per share is $1. Analysts expect dividend growth in the next 3 years to be g=1% the first year, then g=2% the second year, then g=3% forever. Pfizer's discount rate is 6%. Pfizer's current stock price is P=$___
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