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Todd Co . just paid dividends of $ 5 . 0 0 ( D 0 ) per share. These dividends are expected to grow at

Todd Co. just paid dividends of $5.00(D0) per share. These dividends are expected to grow at a 12% rate for the next four years and at a 4% rate thereafter (forever). What is the value of the stock if the appropriate discount rate is 10%?

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