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An analyst has been following American Dream stock. He projects the following dividends for the next three years: The analyst notes that American Dream stock

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An analyst has been following American Dream stock. He projects the following dividends for the next three years: The analyst notes that American Dream stock has a required return of 10.20%. The analyst projects that dividends will grow at a constant rate of 3.00% per year after year 3 . What is the current price of the stock if his assumptions are correct? Answer format: Currency: Round to: 2 decimal places

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