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A stock is expected to pay the following dividends: $1.0 in 1 year, $1.4 in 2 years, and $2.0 in 3 years, followed by growth
A stock is expected to pay the following dividends: $1.0 in 1 year, $1.4 in 2 years, and $2.0 in 3 years, followed by growth in the dividend of 6% per year forever after that point. The stock's required return is 12%. The stock's current price (Price at year 0) should be $____________. Margin of error for correct responses: +/- .10
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