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Xtra Ltd. is experiencing a period of rapid growth. Earnings and dividends are expected to grow at a rate of 12% during the next two

Xtra Ltd. is experiencing a period of rapid growth. Earnings and dividends are expected to grow at a rate of 12% during the next two years, at 10% in the third year, and at a constant rate of 4 % thereafter. ABCs last dividend was $2.50 and the required rate of return on the stock is 9%. Calculate the value of the stock

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