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Burke tires just paid a dividedend of D0 =$1.30. Analysts expect the company’s dividends to grow...

Burke tires just paid a dividedend of D0 =$1.30. Analysts expect the company’s dividends to grow by 24% this year, by 17% year 2, grow by 10% in year and at a constant rate of 6% by year 4 and thereafter. The required return on the low risk stock is 10.00%. What is the best estimate stock of the stocks current market price.

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