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Silicon Corp. just paid a dividend of $2.50. The company will then increase its dividend by 8 percent per year for three years after which

Silicon Corp. just paid a dividend of $2.50. The company will then increase its dividend by 8 percent per year for three years after which it will maintain a constant 4 percent dividend growth rate. What is one share worth today at a required rate of return of 13 percent?

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