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Current earnings per share ( EPS ) of Mitex is $ 2 . The company pays out 5 0 % of its earnings in dividends.

Current earnings per share (EPS) of Mitex is $2. The company pays out 50% of its earnings in dividends. For years 1,2 and 3, earnings will grow at 25%. For years 4 onwards, earnings growth will be 5%. Given a discount rate of 10%, what is the value of the stock

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