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A stock is expected to pay its first $ 640 dividend in 1 year from now. The dividend is expected to be paid annually forever

A stock is expected to pay its first $640 dividend in 1 year from now. The dividend is expected to be paid annually forever and grow by -2% pa (note the negative sign). The discount rate is 4% pa. Estimate the current stock price.  calculate the current stock price.

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