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4. If a firm just paid a dividend of $3.00 and you require a return of 13% for the risk perceived for the investment, what

4. If a firm just paid a dividend of $3.00 and you require a return of 13% for the risk perceived for the investment, what price would you pay for the stock if you expect the growth rate of dividends to be 10% for the next five years and then 5% thereafter?

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