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Last year the stock paid a dividend of $2.33. You expect the stock to grow at 25% for the next four years and then decline

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Last year the stock paid a dividend of $2.33. You expect the stock to grow at 25% for the next four years and then decline to 4% after that. You calculate your required return on the stock at 12%. And finally, what should you be willing to pay for the stock today

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