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MKT Co. is growing quickly. The company just paid a dividend of $1.00. Dividends are expected to grow at a 20% rate for the next

MKT Co. is growing quickly. The company just paid a dividend of $1.00. Dividends are expected to grow at a 20% rate for the next four years, with the growth rate falling off to a constant 5% thereafter.

If the required return is 8%, what is the current stock price? (indicate the future dividends and the future stock price that you need to do)

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