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LCP, a newly formed medical group, has just paid its annualdividend of $0.50. The dividends are expected to grow at a 20% annual rate for
LCP, a newly formed medical group, has just paid its annualdividend of $0.50. The dividends are expected to grow at a 20% annual rate for the next 5 years and then at a 4% annual rate thereafter. What is the value of the stock if the appropriate discount rate is 12%per year?
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