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You expect the following dividend distribution policy for SUPER Company: [1] The company will pay cash dividend $1 per share (per year) in next two

You expect the following dividend distribution policy for SUPER Company: [1] The company will pay cash dividend $1 per share (per year) in next two years; [2] At the end of the third year, the company will pay cash dividend $2 per share; [3] Starting from the end of the third year, the company will continue to pay cash dividend at a constant growth rate of 5% p.a. Given the business nature and capital structure of the company, the required rate of return for SUPER Company is 10% 


What is the current theoretical stock price for SUPER Company?

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