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10) Prodigy Inc. does not currently pay a dividend. You expect the company to begin paying a $3.20 per share dividend 7 years from today.

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10) Prodigy Inc. does not currently pay a dividend. You expect the company to begin paying a $3.20 per share dividend 7 years from today. You also expect dividends to grow perpetually at a rate of 6% thereafter. If the discount rate is 13 percent, how much is the stock currently worth

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