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URGENT PLEASE: Question 1 7 1 0 pts Oppenheimer Inc. just paid a dividend ( D 0 ) of $ 3 . 0 0 share.

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Question 17
10 pts
Oppenheimer Inc. just paid a dividend (D0) of $3.00 share. The firm's dividend payment is expected to undergo fast growth for the next five years in a row at 75% each year (between t=0 and t=5); then the firm's dividend will grow at 25% each year for 5 more years (between t=5 and t=10) until it slows down to a permanent growth rate of 5% per year forever. Required rate of return (discount rate) for equity is 12%.
Based on the dividend discount model, how much should the company's stock (per share) be trading at?
(Show all your work for possible partial credit; If you give me the correct final answer without supporting work, you would be assigned a score of zero)
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