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The Sun Coporation just paid an annual dividend of AED 3 per share on its common stock. The dividend is expected to grow at

 

The Sun Coporation just paid an annual dividend of AED 3 per share on its common stock. The dividend is expected to grow at a rate of 14 percent over the next four years. It will then grow at a normal, constant rate of 7 percent for the foreseeable future. The required rate of return is 12 percent. Compute the current value of the stock.

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