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a company is planning on increasing its annual dividend by 9.75% a year for the next...

a company is planning on increasing its annual dividend by 9.75% a year for the next three years and then settling down to a constant growth rate of 4.75% per year in perpetuity. the company just paid its annual dividend in the amount of $1.25 per share. what is the current stock price if the required rate of return is 19.75%?
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