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. An investor plans to hold Newco's stock for 3 years. In that time period, Newco plans to grow at a rate of 6% in

. An investor plans to hold Newco's stock for 3 years. In that time period, Newco plans to grow at a rate of 6% in the first two years and 3% thereafter. Newco's last dividend was $0.25. Given a rate of return of 10%, what is the value of Newco's common stock at the end of the 3-year time period?

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