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Assume that XYZ Company will pay $4.5 dividend next year, which will grow at an annual rate of 10% until year 15, and at a

Assume that XYZ Company will pay $4.5 dividend next year, which will grow at an annual rate of 10% until year 15, and at a rate of 3% thereafter. What is the stock value of XYZ if its cost of capital is 12%? please show work.

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