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The BLU company plans to distribute a dividend of 1 0 0 in one year. Until t = 5 , the dividend is expected to

The BLU company plans to distribute a dividend of 100 in one year. Until t =5, the dividend is
expected to grow by 15% per year. Then, the dividend growth is expected to be 2% per year. The
expected return of this company is estimated at 10%.
- What should be the BLU stock price?
- How important are the first five dividends (from t =1 to t =5) in the value of this stock?

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