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4. Could I Industries just paid a dividend of $1.10 per share. The dividends are expected to grow at 20% for the next 6 years

4. Could I Industries just paid a dividend of $1.10 per share. The dividends are expected to grow at 20% for the next 6 years and then level off to a 4% growth rate indefinitely. If the required return is 12%, what is the value of the stock today? (10 points)

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