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Company has the following dividend stream. D1 = 3.25 D2 = 4.59 D3 = 5.16 Dividend is expected to be constant after year 4, with

Company has the following dividend stream.

D1 = 3.25

D2 = 4.59

D3 = 5.16

Dividend is expected to be constant after year 4, with a growth rate of 4%. The cost of equity is 10%. What is the stock price, P0 , today?

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