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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
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=$9.50 , DIV2=$10.00 , and DIV3=$25.50 .
What is the stock price if the discount rate is 12%?
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