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Drake Inc's will pay a dividend of $1 next year. The required rate of return is 15% and dividends are expected to grow 2% after

Drake Inc's will pay a dividend of $1 next year. The required rate of return is 15% and dividends are expected to grow 2% after next year. What is Drake's estimated value of the stock at the end of Year 99? (Hint use Year 100 dividend)

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