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The Hale Corporation stock will pay a dividend next year of $1.26 (that's one year from todaytil) and have a growth rate of dividends of

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The Hale Corporation stock will pay a dividend next year of $1.26 (that's one year from todaytil) and have a growth rate of dividends of 10% between that point and two years from today, After that point (from 2 forward it will have a constant growth rate of 5%. Using a discount rate of 7% to calculate the price of the stock to the nearest cent

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