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LCB, a new medical group, just paid a dividend of $1.00. These dividends are expected to grow at 20% a year for the next two
LCB, a new medical group, just paid a dividend of $1.00. These dividends are expected to grow at 20% a year for the next two years and at 4% a year thereafter. What is the value of the stock if the discount rate is 10%?
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