What is the estimated price of Once in a Blue Moon stock that has the following dividends? The return on similar investments is 18%. (Round the growth rate to the nearest whole percent)

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Find the dividend growth rate using a calculator N= 3 PV = -2.32 FV = 2.50 Solve for I = 2.52% rounded to the nearest whole percent - Dividend growth rate is 3% To find the expected dividend = 2.50(1.03) = 2.58 Expected dividend (D₁) is $2.58. 11ea10f6_a144_7a77_b6b3_4b0372baf5c9_TB2040_11

What Is the Estimated Price of Once in a Blue