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New Gadgets long-term growth is questionable; as a result, the company expects to pay annual dividends of $0.55, $0.80, and $1.10 per share over the

New Gadgets long-term growth is questionable; as a result, the company expects to pay annual dividends of $0.55, $0.80, and $1.10 per share over the next three years, respectively and then the firm will cease all dividend payments indefinitely. If investors require a return six percent when purchasing New Gadgets Corp. stock, what is the current value of this stock?

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