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- 19 2.5 points A stock will pay a dividend of $1.70 exactly one year from now. You expect dividends to grow at 10% for

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- 19 2.5 points A stock will pay a dividend of $1.70 exactly one year from now. You expect dividends to grow at 10% for the following 2 years and then a constant 4.4% every year thereafter. If the stock's required rate of return is 13.8%, what is a fair price for the stock today? Round your answer to the nearest penny. Type your

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