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Red Sun Rising just paid a dividend of $2.13 per share. The company said that it will increase the dividend by 25% and 20% over

Red Sun Rising just paid a dividend of $2.13 per share. The company said that it will increase the dividend by 25% and 20% over the next 2 years, respectively. After that, The company is expected to increase its annual dividend by 3.50%. The required return is 10.50% annually. What is the value of the stock today?

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