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Please do not copy and paste from the other websites. (essay form) Question : The In-Tech Co. just paid a dividend of $1 per share.

Please do not copy and paste from the other websites. (essay form)

Question : The In-Tech Co. just paid a dividend of $1 per share. Analysts expect its dividend to grow at 25% per year for the next three years and then 5% per year thereafter. If the required rate of return on the stock is 18%, what is the current value of the stock?

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