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In order to buy back its own shares, XYZ , Inc. has decided to suspend its dividends for the next three years. It will resume
In order to buy back its own shares, XYZ Inc. has decided to suspend its dividends for the next three years. It will resume its annual cash dividend of $ per share in year and $ per share in year Thereafter, its dividend payments will grow at an annual growth rate of percent, forever. The required rate of return on the XYZs stock is percent. What should the firm's current share price be
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