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bbb inc is a non dividend paying firm. however it intends to initiate a dividend policy and starting next year plans to distribute $4.15 per

bbb inc is a non dividend paying firm. however it intends to initiate a dividend policy and starting next year plans to distribute $4.15 per share in the form of dividends. the dividend growth rate is projected to be 5% annually thereafter. assuming a 15% required rate of return, how much would you be willing to invest in the stock today

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