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A firm just paid a dividend of $1.32. Analysts expect the company's dividend to grow by 30% for the next 2 years and at a

A firm just paid a dividend of $1.32. Analysts expect the company's dividend to grow by 30% for the next 2 years and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 4%. What is the best estimate of the stock's current market value?

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