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A company is expected to increase dividends by 20% in one year and by 15% in two years. After that, dividends will increase at a

A company is expected to increase dividends by 20% in one year and by 15% in two years. After that, dividends will increase at a rate of 5% per year indefinitely. The last dividend was $1, the required return is 12%, what is the current price of the stock?

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