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Dodo Limited is expected to pay the following dividends over the next three years: $8, $14, and $6 respectively. Afterwards, the company pledges to maintain

Dodo Limited is expected to pay the following dividends over the next three years: $8, $14, and $6 respectively. Afterwards, the company pledges to maintain a constant 6 percent growth rate on dividends, forever. Investor required a return of 18 percent on the stock. What is the price of the stock at year 1?

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