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FinTek Inc. is an exciting financial technology company that is developing new products in online lending and payments. The company has just paid a dividend
FinTek Inc. is an exciting financial technology company that is developing new products in online lending and payments. The company has just paid a dividend of $1.25 per share. The earnings and dividends have been growing at a rate of 20% per year, but this growth rate is now expected to decline linearly over the next 7 years to 3%. If the required return is 10%, what is the value of the stock?
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