Elves Corporation has just paid a dividend of $1.25.Dividends are expected to grow at 15% for years 1-3,30% for years 4-6,10% for years 7-8,and 4% thereafter.What should the stock sell for today if the required return is 16 percent?

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The Answer of Elves Corporation has just paid a dividend of $1.25.Dividends are expected to grow at 15% for years 1-3,30% for years 4-6,10% for years 7-8,and 4% thereafter.What should the stock sell for today if the required return is 16 percent?

Elves Corporation Has Just Paid a Dividend of $1