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Amazon.com Inc. does not currently pay a dividend. Analysts expect Amazon to commence paying annual dividends in three years. The first dividend is expected to

Amazon.com Inc. does not currently pay a dividend. Analysts expect Amazon to commence paying annual dividends in three years. The first dividend is expected to be $2 per share. Dividends are expected to grow from that point at an annual rate of 4% in perpetuity. Investors expect a 12% return from the stock. What should the price of the stock be today

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