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Constant Delayed Corporation is expected to pay a dividend of $3, 4 years from now and the same dividend into the infinite Euture. No dividends
Constant Delayed Corporation is expected to pay a dividend of $3, 4 years from now and the same dividend into the infinite Euture. No dividends will be paid until year 4. If the expected rate of return for Constant Corporation's equity is 15%, what should the price of the company's shares be, today? Round your answer to the nearest penny
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