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What would be the expected price of a stock when dividends are expected to grow at a 25% rate for each of the next three
What would be the expected price of a stock when dividends are expected to grow at a 25% rate for each of the next three years, then grow at a constant rate of 5%, if the stock's required rate of return is 13% and next year's dividend will be $4.00? (10 points)
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