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kean co. just paid A dividend of $2.95 per share. The company will increase its dividend by 20% next year and will then reduce its
kean co. just paid A dividend of $2.95 per share. The company will increase its dividend by 20% next year and will then reduce its dividend growth by 5% per year until it reaches the industry average of 5% dividend growth, after which the company will keep a constant growth rate forever. Given the required return for Kean's stock is 13%, What will a share of Kean's stock sell for today?
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