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Universal Laser, Inc., just paid a dividend of $5 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year, indefinitely. Investors require a 17 percent return on the stock for the first 3 years, a 12 percent return for the next 3 years, and an 8 percent return thereafter. The current share price for Universal Laser, Inc. stock is $

Basic Finance, Finance

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