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Bypass, Inc.s common stock will not pay a dividend for the next four years. As of year 5, it will pay out a $2.00 dividend
Bypass, Inc.s common stock will not pay a dividend for the next four years. As of year 5, it will pay out a $2.00 dividend that will grow indefinitely at a 7% growth rate. If the interest rate is 9%, what is the price of Bypasss stock today?
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