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3 . Volcano is a matured manufacturing firm. The company just paid a dividend of $ 1 0 . Dividends are expected to grow at
Volcano is a matured manufacturing firm. The company just paid a dividend of $Dividends are expected to grow at for the next ten years, with the growth rate falling off to a constant thereafter. Investors require a return of on the stock for the first five years, a return of for the next five years, and then a return of thereafter. What is the current share price for the stock?
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