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Dividend per share for Lynn's Pharmaceuticals for the first three years is 0. Analysts project that at the end of year 5, it can pay
Dividend per share for Lynn's Pharmaceuticals for the first three years is 0. Analysts project that at the end of year 5, it can pay a dividend of $3 and its growth will be a long-run constant rate of 5% from year 5.If Small Fry's equity cost of capital is 10%, what is the value of a share today?
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