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A stock just paid a dividend of $ 0 . 6 per share. After careful analysis, you have determined that the stock s dividend will

A stock just paid a dividend of $0.6 per share. After careful analysis, you have determined that the stocks dividend will stay at $0.6 for the next 2 years. After that, the dividend will grow at 5% in the future. If the required return on this stock is 8%, what is the current price of this stock based on your analysis?

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