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Huang Company's last dividend was $2.55. The dividend growth rate is expected to be constant at 32.5% for 3 years, after which dividends are expected
Huang Company's last dividend was $2.55. The dividend growth rate is expected to be constant at 32.5% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 10%, what is its current stock price? Do not round intermediate calculations.
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