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Alset Inc. just paid a $ 2 . 2 0 dividend, and its dividends are expected to grow at the rate of 1 2 %

Alset Inc. just paid a $2.20 dividend, and its dividends are expected to grow at the rate of 12% for 6 years. You assume that after year 6 the growth rate of dividends will slow down to 4% per year forever. If the expected return on a comparable stock is 8%, what should be your estimate of the fair value of the Alset Inc.s stock today?

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