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McGonigal's Meats, Inc. currently pays no dividends. The firm plans to pay its first dividend of $1 per share at the end of the 3rd

McGonigal's Meats, Inc. currently pays no dividends. The firm plans to pay its first dividend of $1 per share at the end of the 3rd year and dividends are expected to grow at 5% thereafter. Given a required return of 15%, what would you pay for the stock today?

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