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7. Right Choice Investment Holdings just paid a dividend of $2 per share. The dividends are expected to grow at 15% for the next four
7. Right Choice Investment Holdings just paid a dividend of $2 per share. The dividends are expected to grow at 15% for the next four years and then level off to a growth rate of 2% indefinitely. If the required rate of return is 10%, what is the price of its stock today? (10 points)
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