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Management of BrightSun plans to expand the business operation in Italy, therefore they decided not to pay the dividend for over next 5 years. BrightSun
Management of BrightSun plans to expand the business operation in Italy, therefore they decided not to pay the dividend for over next 5 years. BrightSun will only pay a 10$ dividend per share in year 6. The dividend growth is forecasted at 3% per year in years to come. What is the current share price if the required return on this stock is 11%?
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