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Company Z's earnings and dividends per share are expected to grow by 3% per year for the next 4 years, then stop growing. In year
Company Z's earnings and dividends per share are expected to grow by 3% per year for the next 4 years, then stop growing. In year 5 and after, it will pay out all earnings as dividends. Assume next year's dividend is $3, the market capitalization rate is 10%, and next year's EPS = $10. What is Company Z's stock price
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