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A stock just paid a $ 2 dividend, which is expected to grow by 10% next year, and then level off to 5% stable

A stock just paid a $ 2 dividend, which is expected to grow by 10% next year, and then level off to 5% stable growth in the second year. If the required rate of return on the stock is 12%, what is the price of the stock?

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To find the price of the stock we can use the Dividend Discount Model DDM The DDM calc... blur-text-image

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