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Find the current price of a stock if it is expected to pay a dividend of $3.96 per year. It pays its next dividend in

Find the current price of a stock if it is expected to pay a dividend of $3.96 per year. It pays its next dividend in one year and dividends are expected to remain constant at $3.96 for the next 5 years. After that, the annual dividend is expected to decrease to $3.45 per year and remain at $3.45 indefinitely. The expected return is 11.39%.

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