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A stock just paid an annual dividend of $ 4 . 3 6 . The dividend is expected to grow by 1 2 % per

A stock just paid an annual dividend of $4.36. The dividend is expected to grow by 12% per year for the next 5 years. It will then grow by 2% per year forever.
The required rate of return is 11%.
Part 1
What is the dividend in year 5?
Part 2What is the terminal value (P5)?
Part 3
What is the value of the stock?

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