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Ring Analytics, a stock you are considering purchasing, just paid a dividend yesterday of $1.40. You expect this dividend to last five years. Beginning in
Ring Analytics, a stock you are considering purchasing, just paid a dividend yesterday of $1.40. You expect this dividend to last five years. Beginning in the sixth year, you expect the dividend to rise annually over the previous dividend by 1.5% thereafter, into perpetuity. If the appropriate discount rate is 8.5%, what is the value of Ring stock? What is the timeline? If possible please show steps.
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