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A stock will pay no dividends for the next 4 years. Then it will pay a dividend of $6 growing at 4%. The discount rate

image text in transcribed A stock will pay no dividends for the next 4 years. Then it will pay a dividend of $6 growing at 4%. The discount rate is 11%. What should be the current stock price? (Enter the answer in dollar format without $ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23 )

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