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Buffalo Industries is going to pay its annual dividend today. Todays dividend will be $2.00 per share. The dividend is expected to grow by 4%
Buffalo Industries is going to pay its annual dividend today. Todays dividend will be $2.00 per share. The dividend is expected to grow by 4% annually in perpetuity. Buffalos cost of equity capital is 12%. To the nearest dollar, how much do you expect Buffalo to be worth tomorrow (i.e., after the dividend is paid).
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