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Suppose that Dell Computers dividends are expected to grow 25% for the next 2 years. After that a normal growth rate of 7% per year

Suppose that Dell Computers dividends are expected to grow 25% for the next 2 years. After that a normal growth rate of 7% per year forever is expected. If the required return on Dell is 20% and the latest dividend is $3.00, what is the maximum you would pay for a share of Dell Computer?

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