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Energy United is planning to pay dividends on its common stock in the next four years as follows: $3.00 next year, $3.50 the following year,
Energy United is planning to pay dividends on its common stock in the next four years as follows: $3.00 next year, $3.50 the following year, $0 in year 3, and $4.50 in year 4. After that, Energy United has an expectation that their dividends will grow at 6.5% indefinitely. What should be the price of the stock today at a 10% discount rate?
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