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Nova Corporation just had its IPO. It does not plan to pay any dividends on its stock for the next 1 2 years. At year
Nova Corporation just had its IPO. It does not plan to pay any dividends on its stock for the next years. At year the stock expects to pay a $ dividend. Its dividends are expected to grow at an annual rate of until year After year the growth rate drops to and will stay at this rate forever. What is the present value of the stock using a discount rate?
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