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Company B just paid a dividend of $30,000. The company will decrease its dividend by 50 percent next year and will then increase its dividend

Company B just paid a dividend of $30,000. The company will decrease its dividend by 50 percent next year and will then increase its dividend growth rate by 100 percentage in year after next year. The growth rate would be 10% in third and fourth year, and will keep a constant growth rate of 3% forever. The market value of debt is $100,000. If the required return on the stock is 14 percent, and the number of share is 2,000, what will a share of stock sell for today?

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