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For the most recent year, DEF company paid an annual dividend of 1.00. The company expects dividends to grow by 15%for the next two year,

For the most recent year, DEF company paid an annual dividend of 1.00. The company expects dividends to grow by 15%for the next two year, followed by 4 years of growth at 10% per year, before dropping to a perpetual growth rate of 4% starting in year 7. The required return is 12%. Calculate the intrinsic value per share of GHI stock.

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