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TDH corporation has just paid $1.25 annual dividends. It is supposed to grow at a superb rate of 15% for the next 3 years after

TDH corporation has just paid $1.25 annual dividends. It is supposed to grow at a superb rate of 15% for the next 3 years after which its growth rate is expected to fall to a constant 4% forever. TDH has a 9% cost of equity. Estimate TDHs current stock price using the dividend discount model.

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