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Shares of JID Inc. are trading for $1400. JID doesn't currently pay a dividend. Assume that it will commence paying annual dividends three years from

Shares of JID Inc. are trading for $1400. JID doesn't currently pay a dividend. Assume that it will commence paying annual dividends three years from today. Once started, it will pay dividends in perpetuity and they will grow at an annual rate of 5.75%. JID investors require a return of 14.25%. What dividend is the market using to arrive at its current valuation?

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