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Daniel custom cycles common stock currently pays no dividends. The company plans to begin paying dividends beginning 3 years from today. The first devidends will

Daniel custom cycles common stock currently pays no dividends. The company plans to begin paying dividends beginning 3 years from today. The first devidends will be 3$ and dividends will grow at 5% per year thereafter. Given a required return of 15%, what would you pay for the stock today ?

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