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Company has the following dividend stream. D1 = 1 D2 = 3 D3 = 4.05 D4...

Company has the following dividend stream.

D1 = 1

D2 = 3

D3 = 4.05

D4 = 5.08

Dividend is expected to be constant after year 4, with a growth rate of 4%. The cost of equity is 10%. What is the stock price, P0 , today?

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