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6. Suppose a firm expects to increase dividends by 12% in one year and by 8% in two years. After that, dividends will increase at

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6. Suppose a firm expects to increase dividends by 12% in one year and by 8% in two years. After that, dividends will increase at a rate of 6% per year indefinitely. If the last dividend was $3 and the required return is 12%, what is the price of the stock? SHOW ALL WORK USE: P0=D0(1+g)/(Rg)&P^0=(1+R)1D1+(1+R)2D2+(1+R)2P2

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