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Ram Corp's last dividend was $1.75 (D 0 ). Its dividend growth rate is expected to be at 25% for each of the first 2
Ram Corp's last dividend was $1.75 (D0). Its dividend growth rate is expected to be at 25% for each of the first 2 years, after which dividends are expected to grow at a constant rate of 6% forever. Its required rate of return is 10%. What is its stock price?
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