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Sunny Corporation's common stock recently paid its annual dividend of $2.78 per share. The company is expected to grow at the rate of 20% per

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Sunny Corporation's common stock recently paid its annual dividend of $2.78 per share. The company is expected to grow at the rate of 20% per year for next three years then its grow rate will settle down to a constant 6% indefinitely. Investors require 13% return for the stock. How much should investor pay the stock now

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