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A stock will pay a dividend of $1 in 1 year from now, then the dividend will grow by 6% annually. Then after the payment
A stock will pay a dividend of $1 in 1 year from now, then the dividend will grow by 6% annually. Then after the payment of the dividend in year 4, the dividend will growth at 3% annually for ever. The expected return is 6%. What should be the share price today
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