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Neptune Corporation has just paid a dividend of $ 2 . 0 0 per share. The dividends are expected to grow at 1 0 %

Neptune Corporation has just paid a dividend of $2.00 per share. The dividends are expected to grow at 10% per year for the next two years and at 4% per year thereafter. If the required rate of return on the stock is 12%, calculate the current value of the stock.

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