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Bonus Question: Firm ABC just paid a dividend of $0.35, the dividends are projected to grow at 15% for the next five years, 8% for

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Bonus Question: Firm ABC just paid a dividend of $0.35, the dividends are projected to grow at 15% for the next five years, 8% for the next three years, and thereafter at 6% forever. What would an investor with a 12% required rate of return be willing to pay for it? (10 points, all or none, no partial credit)

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