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New Gadgets, Inc., currently pays no dividend but is expected to pay its first annual dividend of $ 4 . 7 0 per share exactly
New Gadgets, Inc., currently pays no dividend but is expected to pay its first annual dividend of $ per share exactly years from today. After that, the dividends are expected to grow at percent forever. If the required return is percent, what should the price of the stock be today?
Multiple Choice
$
$
$
None of these is correct.
$
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