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Entertainment, Incorporated, has an odd dividend policy. The company has just paid a dividend of $ 4 per share and has announced that it will
Entertainment, Incorporated, has an odd dividend policy. The company has just paid a dividend of $ per share and has announced that it will increase the dividend by $ per share for each of the next five years, and then never pay another dividend. If you require a return of percent on the companys stock, how much will you pay for a share today?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
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