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Belkin Enterprises will pay a $1.97 dividend in one year and then a $2.18 dividend in Year 2. After that the company will stop paying
Belkin Enterprises will pay a $1.97 dividend in one year and then a $2.18 dividend in Year 2. After that the company will stop paying dividends until Year 6, when the dividend will be $3. After Year 6, the dividend will grow at 5% forever. If Belkin's equity cost of capital is 13%, what is the current share price (t=0)
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