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3. XYZ Company paid a dividend of 2.00 in 2021 and analysts forecast three-year growth of 12% for XYZ and 6% for the rest of

3. XYZ Company paid a dividend of 2.00 in 2021 and analysts forecast three-year growth of 12% for XYZ and 6% for the rest of the industry. After three years XYZs growth rate is expected to revert to the industry average. Assume the discount rate for this industry is 10%. What should the value of XYZ be today?

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