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CFC currently does not pay any dividends. Analysts predict that the company will pay its first dividend of $ 5 per share at the end

CFC currently does not pay any dividends. Analysts predict that the company will pay its first dividend of $

5

per share at the end of year

4 .

After that, the company will continue to pay this dividend at the end of each year for the foreseeable future. What is the value of the stock today if the required rate of return is

10 % ?

NOTE: Justify all of your response

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