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A company just paid a dividend of $3 per share. The company plans to increase its dividend by 9% the next 2 years, after which
A company just paid a dividend of $3 per share. The company plans to increase its dividend by 9% the next 2 years, after which it is expected the company will maintain a constant dividend growth rate of 5% forever. The stock has a required return of 14%. What will a share of the company's stock sell for 2 years from today?
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