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AB Corp presently pays no dividend. You expect that the firm will start paying an annual dividend of $2.22 per shares three years from today
AB Corp presently pays no dividend. You expect that the firm will start paying an annual dividend of $2.22 per shares three years from today and would continue to pay dividends thereafter growing at the rate of 9.80%. If JH's cost of equity is 11.80%, what is its share price today?
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