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Cojective, Inc just paid a dividend of $5.25 per share (that is, D, expect this dividend to grow at 25% next year (i.e, in year

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Cojective, Inc just paid a dividend of $5.25 per share (that is, D, expect this dividend to grow at 25% next year (i.e, in year 1) and at 15% the following year (i.e., in year 2). Thereafter, dividends are expected to grow at a constant rate of 5% forever (i.e., for year 3, 4, 5, ..., co). If the required rate of return on this stock is 20.1%, the equilibrium price of the stock should be $ Your

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