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company will pay a dividend of $ 1 for each common share next year. Then you think that the dividends paid by this company will

company will pay a dividend of $ 1 for each common share next year. Then you think that the dividends paid by this company will have a growth rate of 12.5% per year. You are asking for an annual return of 15% per year. How much are you willing to pay today for a share of this company?

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