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Hughes Co. is expected to pay the following dividends over the next five years: $9, $7, $5, $3 and $2. Afterwards, the company pledges to

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Hughes Co. is expected to pay the following dividends over the next five years: $9, $7, $5, $3 and $2. Afterwards, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price

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