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A company expects the dividend payment to grow 9% over the next 2 years, then level off to a constant 4% growth rate forever. If

A company expects the dividend payment to grow 9% over the next 2 years, then level off to a constant 4% growth rate forever. If investors require a 14% return and the most recent dividend was $3, how much would you pay for a share of this stock today?

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