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suppose a firm just paid a dividend of $ 1 . 0 0 . You expect that the firm will grow at 4 0 %

suppose a firm just paid a dividend of $1.00. You expect that the firm will grow at 40% next year, 10% the following year, and at a constant rate of 3% thereafter. The required return on this firm's equity is 16%. What is the price of the stock?

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