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A company just paid a dividend of $ 5 . It plans to grow the dividend by 9 % next year, by 8 % in

A company just paid a dividend of $5. It plans to grow the dividend by 9% next year, by 8% in two years and 10% the third year. At the beginning of the fourth year it will grow by 2% forever. If the required rate of return is 6%. What is the value of the stock today?

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