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3. A company will pay dividends of $7,$8,$6, and $3 for the next four years beginning one year from now. The dividends will then increase

3. A company will pay dividends of $7,$8,$6, and $3 for the next four years beginning one year from now. The dividends will then increase at 5% forever. If the required rate of return is 14%, what is the current price of the stock

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