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A company does not pay dividends yet. But three years from now, the firm is expected to pay 6.00 per share as a dividend, and

A company does not pay dividends yet. But three years from now, the firm is expected to pay 6.00 per share as a dividend, and these dividends, once established, are expected to grow by 4% forever. If the required return is 15%, determine the stock price today

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