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Peterson Packaging Incorporated does not currently pay dividends. The company will start with a $ 0 . 5 0 dividend at the end of year

Peterson Packaging Incorporated does not currently pay dividends. The company will start with a $0.50 dividend at the end of year three and grow it by 10% for each of the next six years until it nearly reaches $1.00. After six years of growth, it will fix its dividend at $1.00 forever. If you want a 15% return on this stock, what should you pay today, given this future dividend stream? Please show your work

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