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Dividends are expected to grow at 20% per year during the next three years, 10% over the following year, and then 4% per year indefinitely.
Dividends are expected to grow at 20% per year during the next three years, 10% over the following year, and then 4% per year indefinitely. The required return on this stock is 10%. What is the projected stock price for the coming year, if VVI just paid a $2 dividend?
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