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ACME company just went IPO. ACME won't pay a dividend for the first 3 years, then expects to pay a $ 8 dividend at the
ACME company just went IPO. ACME won't pay a dividend for the first years, then expects to pay a $ dividend at the end of the fourth year. The dividend will then grow rapidly by for the next years. Dividends will then grow by per year forever. If investors require a rate of return, what is the stock price of ACME company today?
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