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answered Checks Week eBook Nonconstant Dividend Growth Valuation A company currently pays a dividend of $1.8 per share (Do-$18). It is estimated that the company's

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answered Checks Week eBook Nonconstant Dividend Growth Valuation A company currently pays a dividend of $1.8 per share (Do-$18). It is estimated that the company's dividend will grow at a rate of 17 per year for the 2 years, and then at a constant rate of 8% thereafter. The company's stock has a bets of 18, the risk free rate is 6,5%, and the market risk premium What is your estimate of the stock's current price? Do not round Intermediate calculations. Round your answer to the nearest cent. $

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