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What is the current price of the stock? Current dividend $3.15 Required rate of return 6% Expected dividend growth rate for periods 1 to 2
What is the current price of the stock?
Current dividend $3.15
Required rate of return 6%
Expected dividend growth rate for periods 1 to 2 equals 5%
Expected dividend growth rate for periods 2 to 3 equals 6%
Expected dividend growth rate for periods 3 onward equals 3%
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