A high growth software company will pay its first dividend of $0.30 next year. This dividend of
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A high growth software company will pay its first dividend of $0.30 next year. This dividend of $0.30 will grow at a rate of 10% for four years until the end of year 5. After that, the growth will slow down to 5% forever. The required rate of return is 15%. What is the price of the stock today?
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