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A company expects its dividends to grow of a rapid growth rate of 20% for the next two years and then a growth rate of

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A company expects its dividends to grow of a rapid growth rate of 20% for the next two years and then a growth rate of 15% for the following two years. Afer that, the company expects a constant-growh rate of 5%. If the firm just paid a dividend of $1.00 and your required rate of return on such stocks is 12\%, what would you be willing to pay for this stock today? (Da not round intermediate caiculations and round your answer to 2 decimal ploces, e. 0,3216 . Do not input a dollar sign with your answee)

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