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What is the value of stock in a company that currently pays out $1.00 per share in dividends, and expects these dividends to grow 15%
What is the value of stock in a company that currently pays out $1.00 per share in dividends, and expects these dividends to grow 15% a year for the next 5 years, and 6% a year forever after that? (You can assume that investors require a 12.5% return on stocks).
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