Question: Amazon plans to pay dividends $4, $5 and $6 over the next three years respectively. After three years, dividends are expected to grow perpetually at

Amazon plans to pay dividends $4, $5 and $6 over the next three years respectively. After three years, dividends are expected to grow perpetually at a 10% rate. What is the value of the stock if investors require a 16% return to purchase the stock?

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