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You are interested in buying the stock of a company. You expect the following annual dividends for the firm over the next three years: $1,

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You are interested in buying the stock of a company. You expect the following annual dividends for the firm over the next three years: \$1, \$3.11, \$4.03. After the third payment you expect the firm's grouth rate to level of to 3.4%6 annually. If the discotint tate for the firm is 0.096 what is the fair price of the stock

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