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Stock X just paid a dividend of $ 3 . 0 a share. Growth is expected to be 8 % for 6 - years and

Stock X just paid a dividend of $

3.0

a share. Growth is expected to be

8 %

for

6 -

years and then

3 %

there on

.

Given a ks

= 10 %,

find P

1 .

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