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A company has just announced a change to its dividend policy. It will not pay a dividend over the next 4 years. In 5 years
A company has just announced a change to its dividend policy. It will not pay a dividend over the next 4 years. In 5 years the company will pay a $10 dividend per share and will increase the dividend by 4% each year thereafter. If the required return on the stock is 11%, what is the current share price
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