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Management has indicated that it plans to pay a $ 0 . 2 5 dividend 3 years from today, then to increase it at a
Management has indicated that it plans to pay a $ dividend years from today, then to increase it at a relatively rapid rate for years, and then to increase it at a constant rate of thereafter. Management's forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Assuming a required return of what is your estimate of the stock's current value? Use the dividend values provided in the table below for your calculations. Do not round your intermediate calculations.
Answer: $
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