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Coca Cola presently pays no dividend. You anticipate Coca Cola will pay an annual dividend of $0.89 per share five years from today and you
Coca Cola presently pays no dividend. You anticipate Coca Cola will pay an annual dividend of $0.89 per share five years from today and you expect dividends to grow by 3% per year thereafter. If Coca Cola's equity cost of capital is 10%, then the value of a share of Coca Cola today is:
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