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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 $2.70 Investorsrequiredrateofreturn13.0% Expected dividend

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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 $2.70 Investorsrequiredrateofreturn13.0% Expected dividend growth rate for the next two years. 20% Expected dividend growth rate thereafter 8.6% Round your final answer to the nearest dollar (e.g. \$30) A

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