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Family Co . just paid its annual dividend of 3 2 c per share. The dividends are expected to grow at 2 5 % annually

Family Co. just paid its annual dividend of 32c per share. The dividends are expected to grow at 25% annually for the next 4 years. After that, due to increased market competition, the dividend growth is expected to level off at 3% indefinitely. If your required return is 15% and the market price of the share is $9.01, would you consider buying this stock?

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