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Timbuck Two Corp currently does not pay dividends on its stock is expected to begin paying a constant $3 dividend 6 years from now. The
Timbuck Two Corp currently does not pay dividends on its stock is expected to begin paying a constant $3 dividend 6 years from now. The company is expected to maintain this constant dividend for 10 years and then cease paying dividends forever. The required return on this stock is 8%. What will be the share price 5 years from now? Round to two decimals.
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