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Gojek is a young, innovative, Indonesian digital payment technology company. No dividends were paid on the stock over the 19 years because the firm needed
Gojek is a young, innovative, Indonesian digital payment technology company. No dividends were paid on the stock over the 19 years because the firm needed to reinvest earnings to maintain growth. The company will begin to pay a dividend of $28 per share 20 years from today and will increase the dividend by 6% per year, thereafter. If the required rate of return on this stock is 13%, what is the current share price?
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