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CEPS Group just paid an annual dividend of OMR 1.75 a share. The firm plans to increase the annual dividends by 5 percent over the

CEPS Group just paid an annual dividend of OMR 1.75 a share. The firm plans to increase the annual dividends by 5 percent over the next 3 years. After that time, the dividends will be held constant at OMR 2.5 per share. What is this stock worth today at a 9 percent discount rate? show the answer in detail.

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