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Company D is expected to pay a $4 dividend at the end of this year. You expect Company D's dividend to grow by 5% per
"Company D is expected to pay a $4 dividend at the end of this year. You expect Company D's dividend to grow by 5% per year forever. Company D's equity cost of capital is 15% What is the value of a share of Company D's stock? Note: Express your answers in strictly numerical terms. For example, if the answer is $500, enter 500 as an answer."
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