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New Question on I think the, Two Stage dividend Growth Model... Suppose a stock paid a $5 dollar dividend today. That dividend is expected to

New Question on I think the, Two Stage dividend Growth Model...

Suppose a stock paid a $5 dollar dividend today. That dividend is expected to grow at a 5% for the next 2 years and then grow at 3% indefinitely. The discount rate is 9 percent. What is the price of the stock today?

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