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Determine the current price of a share of common stock for the following scenario. The last annual common dividend payment was $1.5. Assume a required

Determine the current price of a share of common stock for the following scenario. The last annual common dividend payment was $1.5. Assume a required rate of return of 15%. There is no dividend payment for the next two years. The dividend payment for the third year is $1.7. it is expected to grow at a rate of 7% in the fourth year and then grow at 3% indefinitely.

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