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SDSU Company's most recent dividend was $ 2 . 0 0 . The dividend is expected to grow at 5 percent per year for the

SDSU Company's most recent dividend was $2.00. The dividend is expected to grow at 5 percent per year for the next four years, after which it will increase at a constant three percent per year indefinitely. What is the value of the stock if the required rate of return is 8 percent?

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