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Stock XYZ has a current dividend of $4.00 . The dividend is expected to grow at 12.00% per year until year 3 and then at
Stock XYZ has a current dividend of $4.00 . The dividend is expected to grow at 12.00% per year until year 3 and then at 3.00% per year for the rest of time.
Based on the riskiness XYZ, its discount rate is 10.00% . With this information, what is the price of XYZ inYEAR 1?
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