Current price of a share of macinyost industries stock

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Macinyost Industries just paid a $2 dividend yesterday. Analysts believe dividends will Increase by 20% next year, 10% the following year, and 5% thereafter. Stocks of this risk have a required return of 12%. What is the current price of a share of Macinyost Industries' stock? Clearly label your answer and calculator inputs for possible partial credit.

Reference no: EM133004924

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