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36. Dr. Lee plans to add Sony, Inc. stock to his investment portfolio. The stock just paid a dividend of $1.50 (i.e., D0=1.50 ). He
36. Dr. Lee plans to add Sony, Inc. stock to his investment portfolio. The stock just paid a dividend of $1.50 (i.e., D0=1.50 ). He expects that the dividend will grow at 20% for the next two years and 4% forever after that. Assuming a discount rate of 13%, Dr. Lee knows that Sony, Inc stock is worth $
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