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Consider the valuation of a stock that has a current dividend of $2 per share. Dividends are expected to grow at a rate of 10

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Consider the valuation of a stock that has a current dividend of $2 per share. Dividends are expected to grow at a rate of 10 percent for the next three years. Following that, the dividends are expected to grow at a rate of 8% for two years. After five years, the dividends are expected to grow at a rate of 6% per year, forever. If the required rate of return is 7%, what is the value of a share of this stock

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