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Open-end question. Show your work. provide enough details for me to follow your logic to earn credit. A corporation has paid $4 dividends last year.

Open-end question. Show your work. provide enough details for me to follow your logic to earn credit.

A corporation has paid $4 dividends last year. Over the next two years you expect that its dividends will grow by 12% per year, but starting with the third year, the dividend growth will be a more moderate 8%. What is your share price estimate, if shareholders require a 14% rate of return to hold the shares?

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