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software sales supply is expected to pay its first annual dividend of $1.10 per share in year 3. Starting in year 6, the company plans

software sales supply is expected to pay its first annual dividend of $1.10 per share in year 3. Starting in year 6, the company plans to increase the dividend by 3.2% per year. What is the value of this stock today. Year 0 at a required return of 13.1%?

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