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Torsion Corporation will pay a dividend of $ 2 next year. After this payment, the dividends will increase at a rate of 2 % for
Torsion Corporation will pay a dividend of $ next year. After this payment, the dividends will increase at a rate of for years, for one year, and in perpetuity afterward. If the required rate of return is what should the price of Torsion stock be today based on the discounted dividend model? Round intermediate calculations to decimal points, and the final answer to decimal points. Do not include the dollar symbol
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