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A firms current dividend is $2 per share. For the next two years the dividend is expected to grow at 5% and then, in year

A firms current dividend is $2 per share. For the next two years the dividend is expected to grow at 5% and then, in year 3, it is expected to grow at 3% and continue at that rate forever. Assuming the required return on the firms stock is 14%, what is the estimated fair market value of the stock today?

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