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The growth in per share FCFE of Oak, Inc. is expected to be 7% for the...

The growth in per share FCFE of Oak, Inc. is expected to be 7% for the next two years, followed by growth rate of 5% for two years and 4% the next. After this five-year period, the growth in per share FCFE is expected to be constant at 3%. The required rate of return is 9% Last year’s per share FCFE was $1.75. What should be the current stock price?

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