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MDK , Inc. is a high growth firm that has never paid a dividend. The company just issued a press release stating that next year
MDK Inc. is a high growth firm that has never paid a dividend. The company just issued a press release stating that next year it plans on paying an annual dividend of $ It also stated that dividends are expected to increase by a year for each of the following four years and then increase by annually thereafter. The required rate of return on this stock is What is the expected price per share of MDK stock six years from now?
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