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APU Top Co. pays a current dividend of $2 and is expected to pay the following dividend for the next three years: : $3, $4,
APU Top Co. pays a current dividend of $2 and is expected to pay the following dividend for the next three years: : $3, $4, and $5; then it will grow at 4% in perpetuity. The appropriate discount rate is 12%. Find stock price today.
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