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A stock has a current dividend of $2.5. You have forecast growth next year to be 55%, and two years from now of 30%. After

  1. A stock has a current dividend of $2.5. You have forecast growth next year to be 55%, and two years from now of 30%. After that, dividends are expected to grow 5% per year for the foreseeable future. Your required rate of return on similar stocks is 12%. What is your estimate of the value of the stock?

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