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Pera inc does not currently pay dividends. The company will start with an annual dividend of $13 at the end of year 4 and will
Pera inc does not currently pay dividends. The company will start with an annual dividend of $13 at the end of year 4 and will pay the same amount each year until year 8. Thereafter, it will increase the dividends by 2% per year forever. If the required rate of return on this stock is 8%, what is the price of this stock today?
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