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GM stock is expected to pay dividends of 9 in one year, 7 in two years, 8 in 3 years, and 2 in 4 years.
GM stock is expected to pay dividends of 9 in one year, 7 in two years, 8 in 3 years, and 2 in 4 years. After that, the dividend is expected to grow at a constant rate of 7%. If you require a return of 4%, what is a share worth to you?
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