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Universal Laser Inc., just paid a dividend of $2.75 on its stock. The growth rate in dividends is expected to be constant 6 percent per

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Universal Laser Inc., just paid a dividend of $2.75 on its stock. The growth rate in dividends is expected to be constant 6 percent per year. Investors require a 16% return on the stock for the first three years, a 14 percent return for the next three years, and then an 11 percent return thereafter. What is the current share price of the stock? 7:07 PM

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