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2. Suppose a firm just paid $1 as annual dividend. Dividends in the next four years will grow at 15%. After that dividends will increase

2. Suppose a firm just paid $1 as annual dividend. Dividends in the next four years will grow at 15%. After that dividends will increase at a rate of 5% per year indefinitely. If the required return is 15%, what is the price of the stock?

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