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Fluffy Furries Company just paid a dividend of $3. In the next year they anticipate paying a dividend of $5 and then a dividend of
Fluffy Furries Company just paid a dividend of $3. In the next year they anticipate paying a dividend of $5 and then a dividend of $6 in the subsequent year. After, the company plans to grow dividends by a constant 4% growth rate forever. Required rate of return for the stock is 11%. What is the market value of the stock?
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