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With the dividend discount model we can calculat begin{tabular}{ll} [ Select ] this year's next year's any year's end{tabular} stock price using

image text in transcribedimage text in transcribed With the dividend discount model we can calculat \begin{tabular}{ll} [ Select ] \\ this year's \\ next year's \\ any year's \end{tabular} stock price using dividend. Go Go Co is growing at a rapid clip. Its most recent dividend was $1.50 and the company intends to grow its dividend by $2 for the next six years before leveling out at a constant 7% growth rate starting in year seven. If your required returns are 12%, what is the most you would be willing to pay for this stock today? Please respond without a dollar sign and with two decimal places

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