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COC Inc. just paid a dividend of $4.20 on its stock. The growth rate in dividends is expected to be a constant 8 percent per
COC Inc. just paid a dividend of $4.20 on its stock. The growth rate in dividends is expected
to be a constant 8 percent per year indefinitely. Investors require a return of 15 percent for the first three
years, a return of 12 percent for the next three years, and a return of 10 percent thereafter. What is the
current share price?
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