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Hank's Barbecue just paid a dividend of $ 2 . 1 0 per share. The dividends are expected to grow at a 1 5 .
Hank's Barbecue just paid a dividend of $ per share. The dividends are expected to grow at a percent rate for the next five years and then level off to a percent growth rate indefinitely. If the required return is percent, what is the value of the stock today? What if the required return is percent?
Note: Do not round intermediate calculations. Round your answer to decimal places.
Answer is complete but not entirely correct.
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