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24 The time line below shows a nonconstant-growth dividend stock. For two years, the dividends are supposed to grow at a nonconstant rate; after that,

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The time line below shows a nonconstant-growth dividend stock. For two years, the dividends are supposed to grow at a nonconstant rate; after that, they are expected to grow at a constant rate of 6% forever. The required rate of return is 10%. $130.65 $15515 5115.91 $239.55

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