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Corporation just paid a dividend of $2.75 per share. The company will have a growth rate of 5%, 10%, 15%, and 20% for each of
Corporation just paid a dividend of $2.75 per share. The company will have a growth rate of 5%, 10%, 15%, and 20% for each of the next four years, respectively. After that, the company will keep a constant growth rate of 5 percent forever. If the required return on Corporations stock is 13 percent, what will a share of stock sell for today?
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