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5) The LIRRs last dividend was $1.50. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are

5) The LIRRs last dividend was $1.50. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If LIRRs required rate of return is 11%, what is the companys current stock price?

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