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AAA company just paid a dividend,d0, of $1 per share. Its dividend growth rate is expected to be at 20% for the first 2 years,

AAA company just paid a dividend,d0, of $1 per share. Its dividend growth rate is expected to be at 20% for the first 2 years, after which dividends are expected to grow at a constant rate of 5% forever. The required return,rs, is 10%.

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