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Hughes Co. is growing quickly. Dividends are expected to grow at a 10 percent rate for the next 2years, with the growth rate falling off

Hughes Co. is growing quickly. Dividends are expected to grow at a 10 percent rate for the next 2years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 11 percent and the company just paid a $5 dividend, what is the share price at the present time (time 0)?

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