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Based on the following information use a two-stage growth model to estimate the XYZ Corporation's stock price. The most recent dividend $3.50 Investor's required rate
Based on the following information use a two-stage growth model to estimate the XYZ Corporation's stock price.
The most recent dividend $3.50
Investor's required rate of return 13.2%
Expected dividend growth rate for the next two years. 20%
Expected dividend growth rate thereafter 8.7%
Round your final answer to the nearest dollar (e.g. $30)
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