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MintzbergInc., a golf club manufacturer, is currently paying a dividend of $0.50 per share. The dividend is expected to grow at a 20% rate for

MintzbergInc., a golf club manufacturer, is currently paying a dividend of $0.50 per share. The dividend is expected to grow at a 20% rate for the next two years and at a 3% rate thereafter (forever). What is the value of the stock if the required rate of return is 14%?

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