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Since inception, RV has paid an annual dividend of $1. RV forecast that it will continue to pay a $1 dividend for 2 more years.
Since inception, RV has paid an annual dividend of $1. RV forecast that it will continue to pay a $1 dividend for 2 more years. In year three, their plans are to increase the dividend by 8% in perpetuity. Investors require a 17% return on investment. Given this information, what should be the price of RV stock?
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