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ADC company is expected to pay a dividend of $5 per share out of earnings of $8 per share one year from now.Future dividends are

ADC company is expected to pay a dividend of $5 per share out of earnings of $8 per share one year from now.Future dividends are expected to grow at a current rate of 7% per year. If the required rate of return is 12 % calculate the net present value of the growth opportunity of the stock(pvgo) PVGO of the stock round to two decimals

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