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Stagg Corporation is expected to pay dividends of $4.50, $5.00, $5.50, and $6.00 in the...

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Finance

Stagg Corporation is expected to pay dividends of $4.50, $5.00, $5.50, and $6.00 in the next four years. Thereafter, the company expects its dividend to grow at a constant rate of 3% annually forever. The stock's required return is 13%. What should be the current market price of the stock

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