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Question 2 options: Due to unfavourable economic conditions, EFB Company's earnings and dividends are expected to remain unchanged for the next 3 years. After 3

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Due to unfavourable economic conditions, EFB Company's earnings and dividends are expected to remain unchanged for the next 3 years. After 3 years, dividends are expected to grow at a 10% annual rate forever. The last dividend (yesterday) was $2, and the required rate of return is 20%. What is the value of the addition of all the discounted dividends from the period of no growth?

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