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You are trying to value a share of Ford stock. You expect the dividend next year to be $ 0 . 6 0 . You

You are trying to value a share of Ford stock. You expect the dividend next year to be $0.60. You anticipate that the dividend will increase by $0.50 per year for the next four years. After the fifth year, you expect the dividend will grow at a constant rate of 2% per year. If you have a required return of 15% on this stock, how much would you be willing to pay for a share of Ford Stock today?

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