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General Importers announced that it will pay a dividend of $1.00 per share one year from today After that, the company expects a slowdown in

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General Importers announced that it will pay a dividend of $1.00 per share one year from today After that, the company expects a slowdown in its business and will not pay a dividend for the next 6 years. Then, 8 years from today, the company will begin paying an annual dividend of $1.00 forever The required retum is 11.00 percent What is the price of the stock today

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