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A stock is expected to pay dividends of $ 2 each year in years 1 to 3 . The dividends will then grow at 2

A stock is expected to pay dividends of $2 each year in years 1 to 3. The dividends will then grow at 2 percent annually for years 4 to 6. After year 6 they will grow at 1.25 percent forever. Calculate the stocks price if the required return is 9 percent per year. Must do in excel formulas

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