Growing Real Fast Company (GRF)is Expected to Have a 25

question 3

Essay

Growing Real Fast Company (GRF)is expected to have a 25 percent growth rate for the next four years (effecting D₁,D₂,D₃,and D₄).Beginning in year five,the growth rate is expected to drop to 7 percent per year and last indefinitely.If GRF just paid a $2.00 dividend and the appropriate discount rate is 15 percent,then what is the value of a share of GRE?

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