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Jeff's Bikes last dividend was $1.00. Jeff's dividend growth rate is expected to be constant at 15% for two years. Then dividends are expected to stay at 10% indefinitely. Jeff's required return is 12%. What should Jeff's current stock price be?

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This post shows how to calculate the current stock price.

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This is a case of two stage DCF valuation:
In the first stage of growth, dividends grow at 15% per annum for two ...

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