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Suppose a firm is expected to increase dividends by 15% in one year and by 12% in two years. After that, dividends will grow at
Suppose a firm is expected to increase dividends by 15% in one year and by 12% in two years. After that, dividends will grow at a rate of 5% per year indefinitely. What is the stock price if the last dividend was $1 and the required return is 10%? $28.33 $20.45 $27.05 $24.46
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