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A Corporation just paid a dividend of $1 per share. Analysts expect its dividend to grow at 20 percent peryear for the next two years

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A Corporation just paid a dividend of $1 per share. Analysts expect its dividend to grow at 20 percent peryear for the next two years and then 8 percent per year thereafter. If the required rate of return in the stock is 12 percent, calculate the current value of the stock. $842 $11 $10.33

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