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Business Corp is expected to have a 18% increase in dividends for the next two years, then an increase of 13% in the third year.
Business Corp is expected to have a 18% increase in dividends for the next two years, then an increase of 13% in the third year. Every year after, it is expecting 7% dividend growth. If the last dividend was $1.32 and the required return is 25%, what is the price of the stock?
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