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Intel Inc. does not currently pay dividends; however, investors expect that in four years, the firm will pay its first dividend of $2.50 per share.
Intel Inc. does not currently pay dividends; however, investors expect that in four years, the firm will pay its first dividend of $2.50 per share. From that point onwards, the dividend is expected be $3 annually forever. Assume that investors required rate of return is 8%. What should the price of Hayworth Industries be today?
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