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Suppose you have come up with the following dividend forecasts for a company for the next four years, $ 3 , $ 4 . 5

Suppose you have come up with the following dividend forecasts for a company for the next four years, $3, $4.50, $5,50, and $6. After the fourth year, the dividend will grow at a constant rate of 3% per year. If your required return is 12%. What is the value of the stock today?

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