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EarlyOne Inc. is start - up company and therefore is not paying dividends for the next 8 years. At the following year, EarlyOne will start

EarlyOne Inc. is start-up company and therefore is not paying dividends for the next 8 years. At the following year, EarlyOne will start paying an annual dividend of $9 per share per year until year 11. Thereafter, it will increase the dividends by 2% per year forever. If the required rate of return on this stock is 10%, what is the price of this stock today?

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