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  3. a stock just paid a dividend of $1.32. the dividen

A stock just paid a dividend of $1.32. The dividend is expected to grow at...

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Finance

A stock just paid a dividend of $1.32. The dividend is expected to grow at 20.70% for three years and then grow at 4.06% thereafter. The required return on the stock is 11.11%. What is the value of the stock?

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