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McGaha Enterprises expects dividends to grow at a rate of 25% per year for the next 2 years, then the growth rate will fall to
McGaha Enterprises expects dividends to grow at a rate of 25% per year for the next 2 years, then the growth rate will fall to zero. The company's last dividend, D0, was $1.25. Its required rate of return is 10%. At what price should the stock sell?
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