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XYZ Co is expected to have dividends starting next year of $15 for five years, and then grow at 3% rate for four years, and

  1. XYZ Co is expected to have dividends starting next year of $15 for five years, and then grow at 3% rate for four years, and after that stay at the same level of dividends indefinitely. If the required return for the stock is 4.5% what is the stock worth today?

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