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X Corporation just paid a dividend of $ 4 . What if g = 1 0 % for the first year, 2 0 % for

X Corporation just paid a dividend of $4. What if g=10% for the first year, 20% for the second year, and 15% for the third year. before achieving long-run growth of 5%? What is the fundamental value of the slock price of x corporition if the cost of equity is 8%? What should investor do if the stock price is 50 Dollar? (Show your calculation)
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