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A share of NewFangled Sports stock is expected to provide a $ 1 per year dividend payment the first year and to grow at 8

A share of NewFangled Sports stock is expected to provide a $

1

per year

dividend payment the first year and to grow at

8 %

thereafter. With a discount rate of

12 %

and a

15 -

year horizon, what is the share worth? What is

it worth valued into infinity? Compare these results.

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