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Obsidian Industries just paid a dividend of $0.33 per share. The dividends are expected to grow at a 24 percent rate for the next 4

Obsidian Industries just paid a dividend of $0.33 per share. The dividends are expected to grow at a 24 percent rate for the next 4 years and then level off to a 2 percent growth rate indefinitely. If the required return is 7.5 percent, what is the value of the stock today?

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