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New Gadgets, Incorporated, currently pays no dividend but is expected to pay its first annual dividend of $5.55 per share exactly 8 years from today.
New Gadgets, Incorporated, currently pays no dividend but is expected to pay its first annual dividend of $5.55 per share exactly 8 years from today. After that, the dividends are expected to grow at 3.4 percent forever. If the required return is 12.6 percent, what is the price of the stock today
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Personal Finance For Dummies
Authors: Eric Tyson
9th Edition
1119517893, 978-1119517894
