Question: 5. Todds Turtles is expected to increase dividends by 20% in one year and by 15% in year two and three. After that, dividends will

5. Todds Turtles is expected to increase dividends by 20% in one year and by 15% in year two and three. After that, dividends will increase at a rate of 5% per year indefinitely. The last dividend was $1, the required return is 20%, what is the current price of the stock?

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