Procor a biotech firm forecasted the following growth rates, Ask an Expert

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

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91600850

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