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A company has just paid a dividend of $1.25 per share. Analysts expect the company's dividend to grow at 20% per year for year 1,

A company has just paid a dividend of $1.25 per share. Analysts expect the company's dividend to grow at 20% per year for year 1, 15% per year for year 2 and then 10% per year thereafter. If the required rate of return on the share is 15% per year, what is the value of the share today?

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