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A stock you are interested in paid a dividend of $1 per share last year. The anticipated growth rate in dividends and earnings is 25%

A stock you are interested in paid a dividend of $1 per share last year. The anticipated growth rate in dividends and earnings is 25% for the next two years before settling down to a constant 5% growth rate. The discount rate is 12%. What is the current value of the stock?


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