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Set up and solve a valuation for thew following non-constant growth stock: A stock will pay a $2.00 dividend in year 1. It will grow

Set up and solve a valuation for thew following non-constant growth stock:

A stock will pay a $2.00 dividend in year 1. It will grow at 2% for years 2 and 3, and then at 4% for years 4 and 5, then at 5% thereafter. The investor requires a 12% return.

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