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Tack Industries is planning to increase their dividend 5% over the next three years, and then the dividend growth rate will only be 2% thereafter.

Tack Industries is planning to increase their dividend 5% over the next three years, and then the dividend growth rate will only be 2% thereafter. Yesterday the company paid a dividend of $2 per share. If the required rate of return is 11.25% what is the value of each share?

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