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A compary just paida dividend of 51.30 per share. You expect the dividend to grow 119 over the next year and 8 * two years

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A compary just paida dividend of 51.30 per share. You expect the dividend to grow 119 over the next year and 8 * two years from now. After two years. you have estimated that the didend will continue to grow indefinitely at the rate of 5% per year. If the required rate of return is 10% per year, what would be a fair price for this stock today? (Answer to the nearest penny)

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