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Q4. A company's most recent dividend was $1.92 per share. The company's CFO believes that the dividend will grow at a rate of 12% for

Q4. A company's most recent dividend was $1.92 per share. The company's CFO believes that the dividend will grow at a rate of 12% for the next 3 years, levelling off to a perpetual growth rate of 4% thereafter. If the required return is 9%, what should the current stock price be?

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