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The Peterman Company does not currently pay dividends. However, investors expect that, in 6 years, Peterman will pay its first dividend of $ 2.09 per
The Peterman Company does not currently pay dividends. However, investors expect that, in 6 years, Peterman will pay its first dividend of $ 2.09 per share and will continue to grow at 9 % per year forever. If investors require a 10 % annual return on the stock, what is the current price?
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