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Forever 21 is expected to pay an annual dividend of $3.42 per share in one year, which is then expected to grow by 8% per
Forever 21 is expected to pay an annual dividend of $3.42 per share in one year, which is then expected to grow by 8% per year. The required rate of return is 14%.
What is the current stock price if the annual dividend of $3.42 his about to be paid? (i.e. paid tomorrow or later today)
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