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Company A s dividends will grow at a 7 percent rate for the next three years. Beginning in Year 4 , dividends will grow at

Company As dividends will grow at a 7 percent rate for the next three years. Beginning in Year 4, dividends will grow at a 15 percent rate, which will continue for the rest of the firms life. Last dividend paid was $20.
Assume that rs =18%, what is the current price of company As stock?

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