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cow company will pay a $3.00 dividend next year. Dividends are expected to grow to $3.60 in year 2 and $4.00 in year 3. After

cow company will pay a $3.00 dividend next year. Dividends are expected to grow to $3.60 in year 2 and $4.00 in year 3. After this dividends are expected to grow at constant rate 5% per year. if the required return for this stock is 12%, how much should the stock sell for today?

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