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Fabulous Pumpkin Corporation plans to pay $3.50 per share dividend next year. The company promises to increase its dividends to 4% per year indefinitely. What
Fabulous Pumpkin Corporation plans to pay $3.50 per share dividend next year. The company promises to increase its dividends to 4% per year indefinitely. What is the companys share price today if cost of equity is 11%? Show your workings.
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