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Texaco Corp. is experiencing a rapid growth. Dividends are expected to grow at 30 % per year during the next four years, and then 6

Texaco Corp. is experiencing a rapid growth. Dividends are expected to grow at 30 % per year during the next four years, and then 6 % per year indefinitely. The required return on this stock is 10 percent, and the last dividend per share was $3.50. What is the market value of Texacos share today?

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