Problemprocor a biotech firm forecasted the following, Ask an Expert

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Problem:

ProCor, a biotech firm, forecasted the following growth rates for the next three years: 35 percent, 28 percent, and 22 percent. The company then expects to grow at a constant rate of 9 percent forever. The company paid a dividend of $1.54 last week.

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Question: If the required rate of return is 17 percent, what is the value of this stock?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169810

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