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Macro Systems just paid an annual dividend of $0.52 per share. Its dividend is expected to double each year for the next three years (D1

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Macro Systems just paid an annual dividend of $0.52 per share. Its dividend is expected to double each year for the next three years (D1 through D3), after which it will grow at a more modest pace of 3% per year. If the required return is 6%, what is the current price

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