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Determine the price of a stock (Po) with the following attributes, using the dividend growth model: The company has never paid a dividend. It will

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Determine the price of a stock (Po) with the following attributes, using the dividend growth model: The company has never paid a dividend. It will begin paying dividends in exactly five years (i.e. D5), when it will pay a \$2.00 dividend. Dividends will increase at a 6.00% growth rate thereafter (forever). Investors have a 15% required return for this investment

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