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What would be the approximate expected price of a stock when dividends are expected to grow at a 22% rate in each of years 2
What would be the approximate expected price of a stock when dividends are expected to grow at a 22% rate in each of years 2 and 3, and then grow at a constant rate of 4% if the stock's required return is 15% and next year's dividend will be $2.10?
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