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B1B6 is a new firm in tech. industry. The company is planning on increasing its annual dividend by 15% a year for the next 3

B1B6 is a new firm in tech. industry. The company is planning on increasing its annual dividend by 15% a year for the next 3 years and then settling to a stable growth rate of 3% per year. The last

dividend was $1.50 per share. What is the current value of one share of this stock if the required rate of return is 12.50%?

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