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Savickas petroleum's stock has required a return of 12% and the stock sells for $43 per share. The firm just paid a dividend of $1,
Savickas petroleum's stock has required a return of 12% and the stock sells for $43 per share. The firm just paid a dividend of $1, and the divided is expected to grow by 30% per year for the next 2 years. After t=3, the dividend is expected to grow at a constant rate of x% per year forever. What is the stock's expected constant growth rate x%?
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