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Stuard products currently pay a dividend of $2 per share and this dividend is expected to...

Stuard products currently pay a dividend of $2 per share and this dividend is expected to grow at an 8 percent annual rate for 3 years, then at a 10 percent rate for the next 3 years, after which it is expected to grow at a constant rate of 5 percent rate forever. What value would you place on the stock if an 18 percent rate of return were required on the stock?

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