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Could I Industries just paid a dividend of $ 1 . 2 5 per share. The dividends are expected to grow at a 1 5

Could I Industries just paid a dividend of $1.25 per share. The dividends are expected to grow at a 15 percent rate for the next 4 years and then level off to a 4 percent growth rate indefinitely. If the required return is 12 percent, what is the value of the stock today?

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