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MetaPremier, Incorporated, has an odd dividend policy. The company has just paid a dividend of $ 1 1 . 0 0 per share and has

MetaPremier, Incorporated, has an odd dividend policy. The company has just paid a dividend of $11.00 per share and has announced that it will increase the dividend by $9.00 per share for each of the next four years, and then never pay another dividend. If you require a return of 16 percent on the companys stock, how much will you pay for a share today?

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