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The last dividend paid by Klein Company was $1.00. Klein's arowth rate is expected to be a constant 5% for 2 vears. after which dividends

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The last dividend paid by Klein Company was $1.00. Klein's arowth rate is expected to be a constant 5% for 2 vears. after which dividends are expected to grow at a rate of 10% forever. Klein's required rate of return is 12%. What is the current price of Klein's common stock? (12 points)

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