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Village East expects to pay an annual dividend of $1.00 per share next year, and $1.20 per share for the following year. After that, the

Village East expects to pay an annual dividend of $1.00 per share next year, and $1.20 per share for the following year. After that, the company plans to increase the dividend by 5.0 percent annually. What is this stock's current value at a discount rate of 13.5 percent?

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