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XYZcorp has just paid a dividend of $4.00. Its dividends are expected to grow at 9% per annum for the next three years after which
XYZcorp has just paid a dividend of $4.00. Its dividends are expected to grow at 9% per annum for the next three years after which the growth will fall to 6% per annum for the next two years. Diidends are then expected to grow at 3% indefinitely. Shareholders required return on equity is 15%. At what price will XYZcorp's shares sell?
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