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A non-dividend paying company is expected to begin paying dividends, 5 years from now. The expected dividend at that time will be $2.75 and their

A non-dividend paying company is expected to begin paying dividends, 5 years from now. The expected dividend at that time will be $2.75 and their growth rate is expected to be constant 5.5% forever. If the required return on this company is 14.5%, what is the value of the stock today?

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