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Company XYZ just paid a $2 dividend. Dividends are expected to grow at 25% for 3 years. The dividend growth rate settles at 6% thereafter.
Company XYZ just paid a $2 dividend. Dividends are expected to grow at 25% for 3 years. The dividend growth rate settles at 6% thereafter. The discount rate during the high dividend growth rate period is 16%. The discount rate during the stable dividend growth rate period is 9%. Find the stock price. Make sure to round your answers to the nearest 100th decimal point.
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