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Miller Juice, Inc. is not paying a dividend right now, but is expected to pay a $4.56 dividend two years from now. Investors expect that
Miller Juice, Inc. is not paying a dividend right now, but is expected to pay a $4.56 dividend two years from now. Investors expect that dividend to grow by 4% every year forever. If the required return on the stock investment is 14%, what should be the price of Miller Juice stock today? show workings
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