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A company will pay a dividend of $3 per share at the end of year 1 and $4.2 at the end of year 2, 4.5

A company will pay a dividend of $3 per share at the end of year 1 and $4.2 at the end of year 2, 4.5 at the end of year 3 and 4.9 at the end of year 4. The growth rate between year 3 and 4 will be the perpetual growth rate. If the required rate of return on the stock is 13 percent, what is the current value of the stock?

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