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Your company just paid a dividend of $2.30. The growth rate in dividends is expected to be 18 percent per year for the next three

Your company just paid a dividend of $2.30. The growth rate in dividends is expected to be 18 percent per year for the next three years and the dividend growth rate is expected to decline to a constant 5 perceng thereafter. What is the current value of this stock if the requiyrate of return is 11 percent?

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