Glasswares Inc. just paid an annual dividend of $5.20 per share on its common stock....
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Glasswares Inc. just paid an annual dividend of $5.20 per share on its common stock. The company expects to increase dividends by 10%, 20%, 30%, and 40% over the next four years, respectively. Beginning in the fifth year, dividends will increase by 2% annually for the indefinite future. Given a required return of 16 percent, what is the current stock price?
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