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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 $2.5. The growth rate will be 1.1%. What is the stock price in 1 year if the discount rate is 9%?

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