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Hayworth Industries does not currently pay dividends. However, investors expect that, in 4 years, Hayworth will pay its first dividend of $ 1.96 per share
Hayworth Industries does not currently pay dividends. However, investors expect that, in 4 years, Hayworth will pay its first dividend of $ 1.96 per share and will continue to grow at 12 % per year forever. If investors require a 15 % annual return on the stock, what is the current price?
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