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8.Robotics is a start-up AI company. No dividends will be paid on their stock over the next 7years because the company needs a lot of
8.Robotics is a start-up AI company. No dividends will be paid on their stock over the next 7years because the company needs a lot of capital for investments. Robotics will pay a dividend of $3 per share 8 years from today and will increase the dividend by 9% annually thereafter. If the required return on Robotics is 16%, what is the current stock price? (10 points)
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