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Lebron Jason Inc. just paid a dividend (D a ) of $3.00/share. The firm's dividend payment is expected to undergo fast growth for three years

Lebron Jason Inc. just paid a dividend (Da) of $3.00/share. The firm's dividend payment is expected to undergo fast growth for three years in a row at 85% each year (between tO and t3); then the firm's dividend will grow at A0% each year for 2 more years (between t3 and t5) until it slows down to a permanent growth rate of 4% per year forever. Thanks to the aggressive rate hiking by the Fed, the required rate of return (discount rate) is 15% between to and t2, but increase lo 20% between t2 and t4, and further increases to 25% beyond t4


Based on the dividend discount model, how much should the company's store(per share) be trading, at? (Show all your work fo credit)

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