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general imports announced that it will pay a dividend of $2.00 per share one year from today . After that, the company expects a slowdown

general imports announced that it will pay a dividend of $2.00 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 return is 9.00 percent. What is the price of the stock today?

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