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You expect Budweiser will pay dividends of 1.50 in one year, 2.50 in two years, and 3.50 in three years. From that point onwards, dividends

You expect Budweiser will pay dividends of 1.50 in one year, 2.50 in two years, and 3.50 in three years. From that point onwards, dividends will grow at 6% per year. Investors' required rate of return is 12%. According to the Dividend Discount Model, what should be Budweiser's stock price?

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