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A non-dividend paying company is expected to begin paying dividends, 4 years from now. The expected dividend at that time will be $1.5 and their
A non-dividend paying company is expected to begin paying dividends, 4 years from now. The expected dividend at that time will be $1.5 and their growth rate is expected to be constant 4% forever. If the required return on this company is 11%, what is the value of the stock today?
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