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You are planning to buy a stock that has just paid a dividend ( D 0 ) of $ 1 . 2 0 . In

You are planning to buy a stock that has just paid a dividend (D0) of $1.20. In addition, you
anticipate the following growth rates:
Year 1=107%
Year 2=68%
Year 3=-29%(note the negative sign)
Year 4=0%
Year 5=15%
Years 6 through infinity =3%
Assume a discount rate of 10%. Based on this, what is the value of the stock today? (Round all
dividend and price calculations to the nearest cent).
$
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