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it will pay a dividend of $3.20 per share one year from today. After that, the company expects a slowdown in its business and will
it will pay a dividend of $3.20 per share one year from today. After that, the company expects a slowdown in its business and will not pay a dividend for the next 5 years. Then, 7 years from today, the company will begin paying an annual dividend of $1.30 forever. The required return is 10.5 percent. What is the price of the stock today
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