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Too Green, Inc., is a young start-up company and it expects no dividends on the stock over the next 4 years because the firm needs
Too Green, Inc., is a young start-up company and it expects no dividends on the stock over the next 4 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $6.2 per share dividend in 5 years and will increase the dividend by 7 percent per year thereafter. If the required return on this stock is 14 percent, the current share price is $_______.
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