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Zapata Corporation will pay dividends of $4.75, $5.25, and $5.75 in the next three years. Thereafter, the company expects its dividend growth rate to be
Zapata Corporation will pay dividends of $4.75, $5.25, and $5.75 in the next three years. Thereafter, the company expects its dividend growth rate to be a constant 7 percent. If the required rate of return is 15 percent, what is the current market price of Zapata stock?
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