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How much should an investor pay for this stock: Year 1 Dividend $ 1.00 Year 2 Dividend $ 2.00 Year 3 Dividend $ 4.00 Year

How much should an investor pay for this stock:

Year 1 Dividend $ 1.00

Year 2 Dividend $ 2.00

Year 3 Dividend $ 4.00

Year 4 Dividend $ 4.00

Constant growth rate after year 4.5%

Required return 13.0%

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