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22 points Astock will pay a dividend of $1.4 exactly one year from now. You expect dividends to grow at 15% for the following 2

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22 points Astock will pay a dividend of $1.4 exactly one year from now. You expect dividends to grow at 15% for the following 2 years and then a constant 4.7% every year thereafter. If the stocks required rate of return is 10.2%, what is a fair price for the stock today? Round your answer to the nearest penny. Type your answer Next Previous

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