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A firm has just declared that its dividend next year will be $ 5 . 6 0 per share. That rate of payment will continue
A firm has just declared that its dividend next year will be $ per share. That rate of payment will continue for an additional years, after which the dividends will fall back to their usual $ per share. The discount rate is percent.
What is the present value of all the future dividends? Round answer to decimal places, eg Do not round your intermediate calculations.
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