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Thermo Industries expects its dividend per share (DPS) to growth annually at 15% for the next two years. After year 2, the growth rate of

Thermo Industries expects its dividend per share (DPS) to growth annually at 15% for the next two years. After year 2, the growth rate of the dividend is expected to drop to 5% per year and last indefinitely. If Thermo just paid a $5.00 dividend and its cost of equity is 10%, then what is the value of a share of Thermo Industries?

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