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Question 12 4 pts The last dividend per share paid on a stock was $1.20. The dividend grows at 20% per year for three years

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Question 12 4 pts The last dividend per share paid on a stock was $1.20. The dividend grows at 20% per year for three years (year 1. year 2, and year 3) and at a constant rate of 7% thereafter. If the market capitalization rate is 12%, what is the estimated price per share today? Enter your answer with two decimals

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