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A stock will pay a dividend of $3.50 exactly one year from now. You . expect dividends to grow at 18% for the following 2

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A stock will pay a dividend of $3.50 exactly one year from now. You . expect dividends to grow at 18% for the following 2 years and then a constant 4.0% every year thereafter. If the stock's required rate of return is 9.0%, what is a fair price for the stock today? Round your answer to the nearest penny. Type your

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