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24. Two-Stage Dividend Growth Model [LO1] Impossible Corp. just paid a divi- dend of $1.93 per share. The dividends are expected to grow at 24

24. Two-Stage Dividend Growth Model [LO1] Impossible Corp. just paid a divi- dend of $1.93 per share. The dividends are expected to grow at 24 percent for the next eight years and then level off to a growth rate of 3.5 percent indefinitely. If the required return is 12 percent, what is the price of the stock today

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