Question: Lambda Incorporated expects non-normal dividend growth over the next three years; that is a 0% growth rate in the first year, then 25%, and then

Lambda Incorporated expects non-normal dividend growth over the next three years; that is a 0% growth rate in the first year, then 25%, and then 12% followed by growth of 8% thereafter. If the last dividend paid was $5 and the appropriate discount rate is 10%; what is the price of the stock today?

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