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Suppose a firm just paid a dividend of $ 1 . 0 0 . You expect that the firm will grow at 3 0 %
Suppose a firm just paid a dividend of $ You expect that the firm will grow at next year, the following year, and at a constant rate of thereafter. The required return on this firm's equity is What is the price of the stock?
Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal eg for $ type
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