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Q 1 9 . A company is expected to pay a dividend of $ 2 next year and Then increase its dividend by 2 0

Q19. A company is expected to pay a dividend of $2 next year and Then increase its dividend by 20% per year for the next three years. After that, the company plans to lower its dividund growth rate to a constant 4% indefinitely. If the required return on the stock is 10% per year, calculate the stock's current paice.
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