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The earnings and dividends of Wannamaka Blockchain are expected to decline at an annual rate of 15 percent over the next 4 years and then
The earnings and dividends of Wannamaka Blockchain are expected to decline at an annual rate of 15 percent over the next 4 years and then change to a constant growth rate of 8 percent per year. Wannamaka currently pays a dividend of $0.50 per share. What is the value of Wannamaka stock to an investor who requires a 14 percent rate of return?
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