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1-Compute the value of a share of common stock of Lara’s Cookie Company whose most recent...

1-Compute the value of a share of common stock of Lara’s Cookie Company whose most recent dividend was $3.50 and is expected to grow at 2 percent per year for the next 5 years, after which the dividend growth rate will increase to 5 percent per year indefinitely. Assume a 12 percent required rate of return. Please asnwer show the step by step.

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