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If a company pays a dividend of 1.15 and the dividends are expected to grow at 20% over the next five years. In five years, the estimate payout ratio is 40% and the benchmark PE ratio is 21. What is the target stock price in five years? What is the stock price today if there is a 12% required return on this stock.

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Accounting Basics, Accounting

Category:- Accounting Basics
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