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36. You are a financial consultant. Bart Simpson is one of your best clients, and has recently inquired about adding a dividend paying stock to

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36. You are a financial consultant. Bart Simpson is one of your best clients, and has recently inquired about adding a dividend paying stock to his portfolio. You're considering a stock that just paid a dividend of $1.23 because you believe is a good fit for Bart given his investment objectives and risk tolerance. You expect dividends from this stock to grow at an unusually high rate of 10% over the next 4 years. After this time, you believe the dividends will grow at a more sustainable rate of 5%. If the required rate is 7.23%, then what is the fair present value of this stock

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