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A company currently pays a dividend of 1 per year and expects this to grow by 1 each year for the next 9 years. After
A company currently pays a dividend of 1 per year and expects this to grow by 1 each year for the next 9 years. After the 10th year the company expects its dividend to grow by 3% annually. Find the market price of this stock using the dividend discount model, assuming that market interest rates are currently 5% annually
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