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Quality Home Made Ice Cream has plans to pay decreasing annual dividends of $1.95, $1.50, and $1.35 over the next three years, respectively. After that,

Quality Home Made Ice Cream has plans to pay decreasing annual dividends of $1.95, $1.50, and $1.35 over the next three years, respectively. After that, the firm will increase the dividend by 3 percent each year. What is the value of this stock today at a discount rate of 9 percent?

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