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R&M has a current dividend of $1 and a required rate of return of 12%. A dividend growth rate of 15% is projected for the
R&M has a current dividend of $1 and a required rate of return of 12%. A dividend growth rate of 15% is projected for the next two years, followed by a 10% growth rate for the next four years before settling down to a constant 4% growth rate thereafter. Calculate the current value of one share of R&M.
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