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Assume WXYZ Corp.s dividend payment will be $3.96 one year from now, $4.16 two years from now, and $6.56 three years from now. Further assume
Assume WXYZ Corp.s dividend payment will be $3.96 one year from now, $4.16 two years from now, and $6.56 three years from now. Further assume that after these three years, the dividend will grow by 6.12% each year. If the required rate of return for the industry WXYZ Corp. belongs to is 12.54%, what is the market value of WXYZ Corp.s stock under the Dividend Discount Model?
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