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ABC is a newly started organization. No dividends will be paid on the stock over the next nine years because the firm needs to plow
ABC is a newly started organization. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to growth. The company will pay a $12 per share dividend in 10 years and will increase the dividend by 7% per year thereafter. If the required return on this stock is 14% what is the current share price?
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