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Gallacticum Inc. announced that it plans to pay a $20 dividend a year from now, $25 dividend two years from now, after which it expects
Gallacticum Inc. announced that it plans to pay a $20 dividend a year from now, $25 dividend two years from now, after which it expects dividend to grow at a rate of 8% for two more years, after which it expects dividends to grow constantly at 2%. The appropriate discount rate is 10%. What is the price of Gallacticums stock today?
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