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Hi-Tech Corp. is expected to pay dividends of $1.00, $2.00, and $2.50, in each of the next three years, and thereafter dividends are expected to

Hi-Tech Corp. is expected to pay dividends of $1.00, $2.00, and $2.50, in each of the next three years, and thereafter dividends are expected to grow at a rate of 4% per year. If the expected return on the stock is 9%, what will be the price of Hi-Tech stock?

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