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If your stock paying annual dividends will pay a dividend D1 at t=1 of $1 and have a growth rate of 11.6% between t=1 and
If your stock paying annual dividends will pay a dividend D1 at t=1 of $1 and have a growth rate of 11.6% between t=1 and t=2, and with a constant growth rate of 4.6% thereafter into the future, what should be the value of the stock at t=0 if the expected rate of return for the stock is 8% (to two decimal places)?
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