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Kraft Co. just paid a dividend of $1.50 and expects a growth rate of 10% next year, 5% the year after and after that, the
Kraft Co. just paid a dividend of $1.50 and expects a growth rate of 10% next year, 5% the year after and after that, the dividend is expected to grow at the long term industry growth rate of 2.5%. If your required rate of return is 20%, calculate the current stock price.
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