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25. Suppose a firm is expected to increase dividends by 2% in one year and by...

25. Suppose a firm is expected to increase dividends by 2% in one year and by 5% in two years. After that dividends will increase at a rate of 3% per year indefinitely. If the last dividend was $1 and the required return of the stock is 18.11%. The price of the stock today should be__(27)___ and the price of the stock in one year should be ___(28)___ if we assuming the requited return of the stock would not change.

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