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NS Corporation is expected to increase dividends at 10 percent rate each year over the next three years. Afterward, the company pledges to maintain a

NS Corporation is expected to increase dividends at 10 percent rate each year over the next three years. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividend forever. If the required return on the stock is 11 percent, what is the current share price given the companys most recent dividend was $2?

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