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If 1 ) the expected return for Mindy s Mending stock is 6 . 4 percent; 2 ) the dividend is expected to be $
If the expected return for Mindys Mending stock is percent; the dividend is expected to be $ in one year, $ in two years, $ in three years, $ in four years, and $ in five years; and after the dividend is paid in five years, the dividend is expected to begin growing by percent per year forever, then what is the current price of the stock?
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