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Now Gadgets, Inc. Currently pays no dividend but is expected to pay its first annual dividend of $460 per share exactly 7 years from today.

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Now Gadgets, Inc. Currently pays no dividend but is expected to pay its first annual dividend of $460 per share exactly 7 years from today. After that, the dividends are expected to grow at 2.9 percent forever. If the required return is 10.7 percent, what should the price of the stock be today? Multiple Choice $32.05 528.95 $4968 55897 $3799

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