Question: The current dividend on Max s shares is $ 6 . 0 0 and if the dividends grow at 1 6 % for the next

The current dividend on Maxs shares is $6.00 and if the dividends grow at 16% for the next 8 years. Thereafter the rate of growth stabilises to 9%, what is the intrinsic value of the stock if investors require 13% rate of return. Here its mentioned 8 years and answer is for 5 years. Can u please check

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