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Assume a stock currently pays no dividends today, but expected to begin paying dividends $6 per share in 4 years. The dividends are expected to

Assume a stock currently pays no dividends today, but expected to begin paying dividends $6 per share in 4 years. The dividends are expected to have a constant growth rate of 6% at that time and firm has a cost of equity of 11.4%. Using the dividend discount model, what do you estimate the share price should be?

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