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Company A's dividends will grow at a 15 percent rate for the next three years. Beginning in Year 4, dividends will grow at a 7

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Company A's dividends will grow at a 15 percent rate for the next three years. Beginning in Year 4, dividends will grow at a 7 percent rate, which will continue for the rest of the firm's life. Last dividend paid was $10. Assume that rs =12%, what is the current price of company A 's stock? (Round the answer to two decimal places.)

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