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What would be the approximate expected price of a stock when dividends are expected to grow at a 28% rate in each of years 2
What would be the approximate expected price of a stock when dividends are expected to grow at a 28% rate in each of years 2 and 3, and then grow at a constant rate of 5% if the stock's required return is 13% and next year's dividend will be $4.15?
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