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A stock with dividends that are expected to grow at 20% per year for four years, after which they are expected to grow at 5%

A stock with dividends that are expected to grow at 20% per year for four years, after which they are expected to grow at 5% per year, indefinitely. The last dividend paid was $1.00 and the cost of equity is assumed to be 10%. Calculate the value of this stock using the multistage Gordon growth model

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