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David's company currently pays a dividend of 1 per year and expects this to grow by 1 each year for the next 9 years. After

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David's company currently pays a dividend of 1 per year and expects this to grow by 1 each year for the next 9 years. After the 10th year, the company expects its dividend to grow by 3% annually. Assuming that market interest rates are currently 5% annually, using the dividend discount model, find the market price of this stock

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