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Currently, a company is not paying a dividend. It will start paying a $2.20 dividend per share in two years. After that, the dividend is
Currently, a company is not paying a dividend. It will start paying a $2.20 dividend per share in two years. After that, the dividend is expected to grow at a constant rate of 3% per year. The required return is 8%. What is the current value of the companys stock?
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