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HRM is a young start up company. No dividends will be will be paid on the stock over the next 6 years, because the company
HRM is a young start up company. No dividends will be will be paid on the stock over the next 6 years, because the company needs to plow back earnings to fuel growth. The company will pay a dividend of $14.75 per share in 8 years and will increase the dividend growth rate by 4.35 %. If the required return on the stock is 11.355%, what is the current share price?
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