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1. The Meghna Company last paid their dividend of $2.5 to the stockholders. For the first 3 years the dividend will grow at a
1. The Meghna Company last paid their dividend of $2.5 to the stockholders. For the first 3 years the dividend will grow at a 5% and then the rate of growth changes to 4% percent for the foreseeable future. The required rate of return is 11 percent. If you want to buy the stock maximum how much you should pay for it?
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