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1.HCSH's dividend has grown from $1.50, 8 years ago to $2.00 today. The dividend has grown at a constant rate in the past and is

1.HCSH's dividend has grown from $1.50, 8 years ago to $2.00 today. The dividend has grown at a constant rate in the past and is expected to grow at the same rate for a long time. RRR=12%. PV=?

I don't understand how to compute PV?

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