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A firm recently paid a $3.97 dividend per share. The expected growth rate for the next 5 years is 15% annually. The growth rate from

A firm recently paid a $3.97 dividend per share. The expected growth rate for the next 5 years is 15% annually. The growth rate from year 5 into

perpetuity is 4% annually. The required rate of return is 9%. What is the stock's value?

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