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Charlie starts a business that sells a revolutionary new product: kitten mittens. You are completely smitten by Charlie's commercial for kitten mittens ( https://youtu.be/E7DLTm2DBQo )

Charlie starts a business that sells a revolutionary new product: kitten mittens. You are completely smitten by Charlie's commercial for kitten mittens ( https://youtu.be/E7DLTm2DBQo ) and want to invest in the company. Suppose that Kitten Mittens Inc. is projected to pay yearly dividends of $1 per year indefinitely and the appropriate discount rate is 15%. How much would you pay for one share of Kitten Mitten's Inc.?

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