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D0 = 10 (just paid). r=8% per year. The first stage for 3years, g=4%; the second stage for 2 years, g=2%; the third stage is

D0 = 10 (just paid). r=8% per year. The first stage for 3years, g=4%; the second stage for 2 years, g=2%; the third stage is forever, g=1%.

what is the value of the stock today? (ex-dividend drive)

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