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A share of common stock paid a dividend exactly 5 years ago of 1.85$ and heave increased this by 0.18$ each year until now. They are now planning on growth of 10% for the next 3 years before a constant growth rate of 5% is implemented for the rest of time. If the firm's required rate of return is 6.31% what should be the current price of share of stock be? Show work out

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