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A company just paid its stocknolders a dividend of $2.75 a share. An analyst just put out a report predicting that the corripany's annual dividends

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A company just paid its stocknolders a dividend of $2.75 a share. An analyst just put out a report predicting that the corripany's annual dividends should grow at 9.5% per year for the next 4 years and then level off at a growth rate of 2.0% a year thereafier. Considering a required return of 11.4%, find the maximum price you should be willing to pay for this stock. If this stock is currently selling for $36, is this a good investment? Explain

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