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I. FHLN, Inc., is a young start-up company. No dividends will be paid on the stock over the next ten years, because the firm needs

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I. FHLN, Inc., is a young start-up company. No dividends will be paid on the stock over the next ten years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $20 per share 11 years from today, and $15.47 per share 12 years from today and will increase the dividend by 2.55% per year thereafter. If the required return on this stock is 12.53%, what should be the current share price

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