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New Gadgets, Inc., currently pays no dividend but is expected to pay its first annual dividend of $4.80 per share exactly 6 years from today.
New Gadgets, Inc., currently pays no dividend but is expected to pay its first annual dividend of $4.80 per share exactly 6 years from today. After that, the dividends are expected to grow at 3.9 percent forever. If the required return is 11.7 percent, what is the price of the stock today? O A. $39.00 O B. $37.60 O C. $36.11 O D. $35.39
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MATLAB An Introduction With Applications
Authors: Amos Gilat
6th Edition
111938513X, 978-1119385134
