Question: 2. Consider a firm whose dividend growth is expected to decline gradually. For the next two years, the growth is expected to be 20%. In

2. Consider a firm whose dividend growth is expected to decline gradually. For the next two years, the growth is expected to be 20%. In the following years, it is expected to grow at 18%,13% and 10%. From year 6 onwards, dividends are expected to grow at 5% for perpetuity. Assume current dividend is $1 and the required rate of return is 10%. What is the current price

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