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Swanton Industries is expected to pay a dividend of $10 per year for 10 years and then increase the dividend to $15 per share for
Swanton Industries is expected to pay a dividend of $10 per year for 10 years and then increase the dividend to $15 per share for every year thereafter. The required rate of return on this stock is 20 percent. What is the estimated stock price for Swanton?
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