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Verily Growth A fast growing firm recently paid a dividend of $ 0 . 5 0 per share. The dividend is expected to increase at

Verily Growth A fast growing firm recently paid a dividend of $0.50 per share. The dividend is expected to increase at a 20 percent rate for the next 3 years. Afterwards, a more stable 10 percent growth rate can be assumed. If a 12 percent discount rate is appropriate for this stock, what is its value?
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