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ECC Corp. will pay annual dividends of $20 per share for the next 10 years. At the end of year 11, ECC wll increase the

ECC Corp. will pay annual dividends of $20 per share for the next 10 years. At the end of year 11, ECC wll increase the dividends by 5% per year forever. The required rate of return on this stock is 12 percent What is the price of the stock today? WRITE-IN how you got the answer You MUST show steps taken to solve this problem in order to get credit. Showing final answer only will grant you ZERO credit. Showing calculator/spreadsheet keystrokes, names, cells, or formula without identifying inputs will not grant you credit

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