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25) The Shoe Box will not pay a dividend for the next two years. The following two years, it will pay 25) annual dividends of

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25) The Shoe Box will not pay a dividend for the next two years. The following two years, it will pay 25) annual dividends of SI per share. Starting in year 5, the dividends will increase by 4 percent annually. The discount rate is 8 percent. What is the value of this stock today? A) 22.63 B) 20.64 C 24.08 D) 27.09

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