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Assuming you are valuing the shares of a company that just paid out $1.00 per share in dividends and expects these dividends to grow at
Assuming you are valuing the shares of a company that just paid out $1.00 per share in dividends and expects these dividends to grow at a rate of 15% over the next 5 years, followed by 6% thereafter. If investors require a 12.5% return, what is the expected price five years from today?
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