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Mad Mex just paid a dividend of $4.00. Next year they anticipate paying a dividend...

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Finance

Mad Mex just paid a dividend of $4.00. Next year they anticipate paying a dividend of $6 and then a dividend of $7 in the subsequent year. After that point, the company plans to grow dividends by at a constant 5% growth rate forever. Your required rate of return for the stock is 10%. What is the market value of the stock?

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