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You are considering buying common stock that just paid a $ 2.00 dividend. You expect stocks...

You are considering buying common stock that just paid a $ 2.00 dividend. You expect stocks to grow at a rate of 20% for the next 5 years and thereafter at a steady normal growth rate of 8%. If you require a 16% rate of return, how much would you be willing to pay for this action today?
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