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NU Inc. is not paying any dividends now. However, NU Inc. is planning to start paying annual dividends 3 years from now. The first dividend

NU Inc. is not paying any dividends now. However, NU Inc. is planning to start paying annual dividends

3

years from now. The first dividend will be $

2.9 .

The growth rate will be

1.2 % .

What is the stock price in

1

year if the discount rate is

7 % ? (

Keep two decimal places

)

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