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Industrial Company is expected to pay the following dividends over the next three years: $1, $2, and $3. Afterwards, the compnay pledges to maintain a

Industrial Company is expected to pay the following dividends over the next three years: $1, $2, and $3. Afterwards, the compnay pledges to maintain a constant 3.2 percent growth rate in dividends forever. If the required return on the stock is 11.1 percent, what is the current share price?

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