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One year from today, investors anticipate that Haslam Corporations common stock will pay a dividend of $5.00 per share. After that, investors believe that the

One year from today, investors anticipate that Haslam Corporations common stock will pay a dividend of $5.00 per share. After that, investors believe that the dividend will grow at 40% per year for three years and 25% per year for the following two years before settling down to a long-run growth rate of 10%. The required rate of return on Haslams stock is 20%. What is the stocks value based on the above information?

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