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What comes closest to the value today of a stock that just paid a dividend of $1.65 and expects to grow by 10.00% in year
What comes closest to the value today of a stock that just paid a dividend of $1.65 and expects to grow by 10.00% in year 1 and year 2, and then grow but will then see the growth in dividends fall to 2% in the third year and will continue to grow at that lower rate each year after. Using a required rate of return of 5.25%, what is the estimate price ?
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