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A common stock just paid a dividend of $2.00. From year 1 to year 5, the...

A common stock just paid a dividend of $2.00. From year 1 to year 5, the dividend is expected to grow at 8%. From  year 6 to year 10, the dividend will grow at 6%, and then for 4% in perpetuity beyond year 10. The discount rate is 12%. What is the present value of the stock price today?

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