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Your company just paid a dividend of $2.00. The dividend growth rate is expected to be 4% for the first year, 5% for the second
Your company just paid a dividend of $2.00. The dividend growth rate is expected to be 4% for the first year, 5% for the second year, 6% for the following year, and a constant 7% thereafter. The stock's required rate of return is 10%. What is the current stock price?
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