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Duke Energy paid $3.00 in dividends per share last year, and dividends are expected to grow by 30% for the following three years. After that,
Duke Energy paid $3.00 in dividends per share last year, and dividends are expected to grow by 30% for the following three years. After that, it is expected that dividend growth rate will be reduced to 2% per year. Using Dividend Discount Model, estimate the value of the stock if Duke Energys required rate of return is 8.0%.
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