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Suppose MBI Co. recently paid $2 annual dividend. The company is projecting that its dividends will grow by 20 percent next year, 12 percent annually

Suppose MBI Co. recently paid $2 annual dividend. The company is projecting that its dividends will grow by 20 percent next year, 12 percent annually for the two years after that, and then at 6 percent annually. Based on this information, how much should the companys common stock sell for today if the required return is 10.5%? Solution please?

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