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Storico Co . just paid a dividend of $ 2 . 7 5 per share. The company will increase its dividend by 2 0 percent
Storico Co just paid a dividend of $ per share. The company will increase its dividend by percent next year and will then reduce its dividend growth rate by percentage points per year until it reaches the industry average of percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on Storico stock is percent, what will a share of stock sell for today?
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