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Probably Company's last dividend was $4. The dividend growth rate is expected to be constant at 12 % for 3 years, after which dividends are

Probably Company's last dividend was $4. The dividend growth rate is expected to be constant at 12 % for 3 years, after which dividends are expected to grow at a rate of 2 %

forever. If the firm's required return (r) is 12%, what is its current stock price?

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