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a stock just paid a dividend of $2.00.Due to the introducion of a proprietary product, the dividend growth rate is expected to e 30 percent
a stock just paid a dividend of $2.00.Due to the introducion of a proprietary product, the dividend growth rate is expected to e 30 percent for the next two years, 15 percent for years 3 and 4, and then return to a constant growth rate assumption of 4 percent thereafter. the required return on the stock is 18 percent. calculate the current expected price of the stock.
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