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Assume the company will pay an annual dividend of .64 one year from now. Analysts expect this dividend to grow at 11.9% per year thereafter

Assume the company will pay an annual dividend of .64 one year from now. Analysts expect this dividend to grow at 11.9% per year thereafter until the sixth year. Thereafter, growth will level off at 1.8 % per year. According to the dividend discount model what is the value of a share of the stock if the firms equity cost of capital is 8.2%?

The value of the companies stock is?

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