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PLT Company just paid a dividend of $2.00. The dividend is expected to grow by 8% this year, 6% in year two and 5% in
PLT Company just paid a dividend of $2.00. The dividend is expected to grow by 8% this year, 6% in year two and 5% in year three. Then, beginning in year four, the dividend will begin growing at a constant rate of 4%. With a required return of 13%, what is the stock worth today?
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