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XYZ Inc. just paid a $10 dividend. After careful analysis, you come up with a following projection for the growth rate of dividends: The dividend

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XYZ Inc. just paid a $10 dividend. After careful analysis, you come up with a following projection for the growth rate of dividends: The dividend will grow at 7% annually for the next 3 years. After that, XYZ will never pay another dividend. Please find the current price per share, assuming the cost of equity is 14%

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