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Oakmont Co. just paid a dividend of 2.50 and intends to pay dividends of $5, $10, and $20, for each of the next three years,

Oakmont Co. just paid a dividend of 2.50 and intends to pay dividends of $5, $10, and $20, for each of the next three years, respectively. In the fourth year, the dividend will settle into a constant growth of 6% per year. What is the current price of the stock if your required rate of return is 11%?

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