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A company just paid a dividend of $2.55 a share. An analyst just put out a report predicting that the company's annual dividends should growt
A company just paid a dividend of $2.55 a share. An analyst just put out a report predicting that the company's annual dividends should growt at 10% for the next 4 years then level off at a growth rate of 3% a year after. Considering a required rate of return of 13.7%, what is the maximum price you would be willing to pay for this stock?
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