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Auckland Ltd. is growing quickly. Dividends are expected to grow at a 20% rate for the next two years, with the growth rate falling off

  1. Auckland Ltd. is growing quickly. Dividends are expected to grow at a 20% rate for the next two years, with the growth rate falling off to a constant 4.5 percent thereafter. If the required return is 13 percent and the company just paid a $0.50 dividend, what is the current share price?

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