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You expect to see the following dividend stream (dividends per share) for the next few years Thereafter, you expect to see dividend growth level off

You expect to see the following dividend stream (dividends per share) for the next few years

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Thereafter, you expect to see dividend growth level off to 5% per year indefinitely

Your required return on a security with this level of risk is 7%

Calculate the price of this asset

Year DPS 1 0.34 2 0.38 3 0.40 4 0.42 5 0.44

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