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Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the

image text in transcribed Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV1=$2.50,DIV2=$3.00, and DIV3=$18.50. What is the stock price if the discount rate is 11% ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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