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A stock is expected to pay the following dividends: $ 1 in 1 year, $ 2 in 2 years, and $ 2 in 3 years,

A stock is expected to pay the following dividends: $1 in 1 year, $2 in 2 years, and $2 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 $____________.

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