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Cullumber, Inc., is a fast growth company that is expected to grow at a rate of 2 3 percent for the next four years. It
Cullumber, Inc., is a fast growth company that is expected to grow at a rate of percent for the next four years. It is then expected to grow at a constant rate of percent. Cullumber's first dividend, of $ will be paid in Year If the required rate of return is percent, what is the current value of the stock if dividends are expected to grow at the same rate as the company? Round all intermediate calculations and final answer to decimal places, eg
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