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The NetTech Co. has just paid a dividend of $1 per share. The dividends are...

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Accounting

The NetTech Co. has just paid a dividend of $1 per share. The dividends are expected to grow at 20% per year for the next three years and at the rate of 5% per year thereafter. If the required rate of return on the stock is 15% (APR), what is the current value of the stock?

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