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Elsinore Corporation just paid a $2 (D.). Dividends are expected to grow 25% for the next two years and afterwards, the company pledges to maintain

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Elsinore Corporation just paid a $2 (D.). Dividends are expected to grow 25% for the next two years and afterwards, the company pledges to maintain a constant 5% growth rate in dividends forever. If the required return on the stock is 10%, what is the current stock price (approximately)? S41 SS S5 S w 550

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