apple has just paid a dividend of $4 a share (this divident is already paid...

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apple has just paid a dividend of $4 a share (this divident is already paid sometimes called divident 0.) it is estimated that the company's divident will grow at a rate of 35% in year 1 and 20% in year 2. the divident is then expected to grow at a constant rate if 4% thereafter. the company's opportunity cost of capital is 10% what is the value of IBM's stock?
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