Winters Hi-Hook Inc., a golf club manufacturer, is currently paying dividends of $.50 per share. These dividends are expected to grow at a 20 percent rate for the next two years and at a three percent rate thereafter (forever!). What is the value of the stock if the appropriate discount rate is 14 percent?

Winters Hi-Hook Inc., a golf club manufacturer, is currently paying dividends of $.50 per share. These dividends are expected to grow at a 20 percent rate for the next two years and at a three

percent rate thereafter (forever!). What is the value of the stock if the appropriate discount rate is 14 percent?

Winters Hi-Hook Inc., a golf club manufacturer, is currently paying dividends of $.50 per share. These dividends are expected to grow at a 20 percent rate for the next two years and at a three percent rate thereafter (forever!). What is the value of the stock if the appropriate discount rate is 14 percent?

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