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Blossom Corp. will pay dividends of $5 $6.25 $4.75 and $3 in the next four years. Thereafter, management expects the dividend growth rate to be
Blossom Corp. will pay dividends of $5 $6.25 $4.75 and $3 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 7% . If the required rate of return is 15.50 % what is the current value of the stock.? (Round to two decimal places).
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