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A company expects its dividends to grow ot 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 ot a rapid growth rate of 20% for the next two years and then a growth rate of 15% for the following two years After that, the compary expects a constant-growh rate of 5%. If the firm just paid a dividend of $100 and your required rate of return on such stocks is 12%, what would you be willing to pay for this stock today? (Do not round intermediste calculations and round yout answer to 2 decimal places, e.9.3216.) Numeric Response

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