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The Einstein Company just paid a dividend of $0.50 last week. The dividend for Einstein Company is expected to be 50 percent greater next year.

The Einstein Company just paid a dividend of $0.50 last week. The dividend for Einstein Company is expected to be 50 percent greater next year. The growth rate for the following year is expected to be 100 percent. In the third year, and thereafter, the dividend is expected to grow at 6%. If you have a required return of 10 percent, what is the most that you would pay for the security?

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