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Gyro Tech Corporation will pay a dividend of $5 each year for the next 3 years, $6 per year for the following three years. Thereafter,

Gyro Tech Corporation will pay a dividend of $5 each year for the next 3 years, $6 per year for the following

three years. Thereafter, the company will maintain a constant dividend of $7 per year forever. How much is

the stock worth if the required rate of return is 18 percent?

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