What is the current value of hames common stock to an


Currently pays a $2.40 common stock dividend. Dividends have been recently growing at a 15% annual rate and are expected to continue growing at this rate for the next 3 years. Thereafter, the growth rate is expected to be 5% for the foreseeable future. What is the current value of hames common stock to an investor requiring 18% rate of return?

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