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NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.65 a

NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.65 a share. The following dividends will be $.70, $.80, and $.95 a share annually for the following three years, respectively. After that, dividends are projected to increase by 4% per year. How much are you willing to pay to buy one share of this stock if your desired rate of return is 10%?

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