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Red Sun Rising just paid a dividend of $2.10 per share. The company said that...

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Finance

Red Sun Rising just paid a dividend of $2.10 per share. The company said that it will increase the dividend by 20 percent and 15 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 3.4 percent. If the required return is 10.4 percent, what is the stock price today?

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