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Shoe - in Corp. for the past several years has not paid dividends on its stock and it does not plan to pay dividends in
Shoein Corp. for the past several years has not paid dividends on its stock and it does not plan to pay dividends in the forthcoming years. However, the company is very certain of its future profitability and will start paying an annual dividend of $ in years at the end of year and it will increase the dividends by per year forever. If the required rate of return on this stock is what is the price of this stock today?
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