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EarlyOne Inc. is start-up company and therefore is not paying dividends for the next 5 years. At the following year, EarlyOne will start paying an
EarlyOne Inc. is start-up company and therefore is not paying dividends for the next 5 years. At the following year, EarlyOne will start paying an annual dividend of $7 per share per year until year 14. Thereafter, it will increase the dividends by 4% per year forever. If the required rate of return on this stock is 9%, what is the price of this stock today?
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