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Drake Shipping is expected to pay the following dividends over the next four years: Year 1 : $ 3 . 8 0 Year 2 :
Drake Shipping is expected to pay the following dividends over the next four years:
Year : $
Year : $
Year : $
Year : $
Afterward, the company will target a percent growth rate in dividends. If the required return on the stock is percent, what is the current share price?
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