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Your company is growing quickly. The company just paid a dividend of $1.00. Dividends are expected to grow at a 20% rate for the next
Your company is growing quickly. The company just paid a dividend of $1.00. Dividends are expected to grow at a 20% rate for the next three years, with the growth rate falling off to a constant 4% thereafter.
If the required return is 6%, what is the current stock price?
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