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13.Suppose there is a growth company stock trading at $150 per share. The expected growth rate of future dividends on the stock (paid at the
13.Suppose there is a growth company stock trading at $150 per share. The expected growth rate of future dividends on the stock (paid at the end of each year, with the next dividend due in exactly one year) is 12% per year, indefinitely. If your required rate of return (I.e., your discount rate) for this stock's dividends is 16%, what is the value of the dividend at the end of this year which would make you indifferent between buying the stock or not? (6 points)
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