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City Garden Suppliers paid a $2 dividend yesterday. It is expected that the dividend will grow at 11 percent per year for 6 years, 7.5
City Garden Suppliers paid a $2 dividend yesterday. It is expected that the dividend will grow at 11 percent per year for 6 years, 7.5 percent per year for 13 years, and then at 5.5 percent per year thereafter. If the investors' expected rate of return is 12 percent, what is the stock worth today
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