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A startup company is preparing to issue its stocks for the first time. It announces that it plans to give its first dividend of $5/share

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A startup company is preparing to issue its stocks for the first time. It announces that it plans to give its first dividend of $5/share at the end of the 5th year of its operation. It also announces that the dividend will grow at a constant 3% a year indefinitely thereafter. If the investors expect a return of 15% per annum, what should be the expected price of the stock today

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