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The dividend for Should I, Inc., is currently $1.40 per share. It is expected to grow...

The dividend for Should I, Inc., is currently $1.40 per share. It is expected to grow at 16 percent next year and then decline linearly to a perpetual rate of 4 percent beginning in four years. If you required a return of 12 percent on the stock, what is the most you would pay per share?

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$22.48

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