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OPM corporation has just paid a $0.60 dividend on its common stocks. It is expected that OPM will grow at a superb rate of 12%
OPM corporation has just paid a $0.60 dividend on its common stocks. It is expected that OPM will grow at a superb rate of 12% for the next three years, and then its growth will slow down to 4% for ever. Given that OPM has an expected return of 8%, what should be its stock price today?
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