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The VP Finance for Keyera Ltd. is planning out a future dividend stream. She believes Keyera can increase its dividend by 15% per year for
The VP Finance for Keyera Ltd. is planning out a future dividend stream. She believes Keyera can increase its dividend by 15% per year for the next 3 years from its current $0.53. After that earnings growth will slow and dividends will grow by 3% per year thereafter. Using this dividend information and assuming a 10% cost of equity what should be the value of Keyera's stock today?
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